The wise money manager will generally adhere strictly to stated objectives.

Name: The wise money manager will generally adhere strictly to stated objectives.
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Most lawsuits brought against money managers are not for inferior profit performance but for failure to adhere to stated risk objectives. Although it may be appropriate to shift the risk level in anticipation of changing market conditions (lower the beta at a perceived peak in the market), long-run adherence to risk objectives is advisable.

The Wise Money Manager Will Generally Adhere Strictly to Stated