Investment Committee Decisions Aren't Distributed Equally

The choice of consultant and modus aparandi is up to the client. Recognize that all investors aren't created equal. Consultants clearly can add value, but left in bureaucratic mode, it is possible for them to contribute nothing other than protection. They can be used to insure that the portfolio is never different enough from the herd to stand out. Frighteningly, a consultant once told me, i never initiate. If i did, i could be criticised for being wrong. I just ine when asked, by supplying new ideas and needed data in support of an effort to be great.