Posted by on Jun 4, 2012 in Articles & Advice, Blog, Books, Columns, Featured |

Image Credit: jwigley, Pixabay



By Jason Zweig | June 1, 2012 6:26 pm ET


Investors often complain that mutual-fund managers don’t put their own money at risk and thus don’t have enough “skin in the game.”

Fund manager Daniel J. Rice III might have too much. With his co-manager, Denis J. Walsh III, Mr. Rice oversees $4.5 billion in energy investments at BlackRock. There isn’t any doubt that Mr. Rice is good at his day job. His $953 million BlackRock Energy & Resources Fund has outperformed 96% of its peers over the past decade, according to Morningstar.

But Mr. Rice moonlights as an oil man. Those dual roles could conflict, say some experts in securities law. Mr. Rice and BlackRock disagree.


To read the rest of the column:


For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig,The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:

Conflict of Interest? Moi?