Gophers and Golfers

This is a list of some very high ranking portfolio managers, CEO's and directors who work on Wall Street and have very low handicaps on the golf course. Amazingly 1/3 of these companies have since fallen from grace in the form of bankruptcy, mergers or take under. 

If you have the time to play golf where your handicap is this low you should not be managing any money. How can these money managers fulfill their fiduciary responsibilities to investors when they are playing golf during market hours?  

Here is a quote from #29 on this list of golfers.
Many were reluctant to discuss their devotion to the game. "Wall Street is paranoid about golf," says Stephen Worth, a five-time club champion at The Creek Club in Locust Valley, N.Y., and a managing director at the investment firm Evercore Partners. "I think it's because our customers expect us to be available 24/7, and you can't play golf with a cell phone or BlackBerry."

Uh.. shouldn't the people that you trust to manage your life savings be reachable during market hours? Is this too much to ask? What do they have a Blackberry for, to make their tee times? Obviously many people have been duped into mortgages and loans that they were never capable of managing, however; as a consumer & investor it is imperative to do your own due diligence on the people that you blindly trust to control your money.

Still long 50 shares of QQQQ @ $38.00. The market was down sharply, yet financials  held strong and UBS  and regional banks were actually up. Crude dropped to $93 which is now $54 from the highs 3 months ago. A bottom is trying to form in the market. Baby trader's instinct says a quick test and dip under 9,800 on the Dow should be a solid entry point for buy and hold.