Stephen Pincus quoted in "Here comes success; bring on the critics", Calgary Herald
|Area||REITs and Income Securities|
Excerpt from "Here comes success; bring on the critics", by Brian Burton for the Calgary Herald:
Stephen Pincus quoted:
Pincus takes a generally patient and painstakingly factual approach to dealing with each point of concern raised by the critics. But he reserves a pointedly impatient response for those who compare the growth of the trusts with the "tech bubble" that burst a few years ago.
"Trusts are the polar opposite of the high-tech, dot-coms," he declares. "The relationship between the tech bubble and trusts is not comparability but causality."
By this he means that the tech debacle is directly responsible for the flight of investors to trusts.