It's difficult to find people who take big investment decisions

Who actually decides where and when to invest? Those are clearly the biggest investment decisions, yet curiously enough it is hard to identify who sincerely wants to make them. AN INVESTMENT CONUNDRUM This is very odd because it is widely recognised that it is the big picture that makes the big difference. For instance, recent work by John Cuthbert shows to what extent the performance of individual UK unit trusts funds can be explained by correlation with appropriate benchmark indices. The stock-picking ability of the fund manager can thereby be deduced as the unexplained balance. Ba...