Ladies and gentlemen,
Below are really the general behavior of top managers of
investment companies around the world.
Statement 1: We
bought XYZ (blue chip) shares because we are very confident of the
company.
When XYZ shares falls, C.I.O shall say
Statement 2: It is
long term investment.
When XYZ shares crash, C.I.O shall say
Statement 3: I did
not expect it.
No one or very few has publicly admitted big investment mistakes
and then step down.