In comparison to ten years ago; What has changed? What has not changed? - Richard Harris

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1. In comparison to ten years ago; What has changed? What has not changed?

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1. In comparison to ten years ago; What has changed? What has not changed?

Well, I think one of the best things I heard was that everybody thinks today is so totally different from yesterday, or maybe 25, 30 years ago when I first entered the business. But you know, it's not really, there are still the same issues. We still worry about clients. We perhaps worry about compliance a little bit more than we did. We have a lot more products to deal with. Most of them are not anything better than we had 25 or 30 years ago. And the interesting thing is 25 or 30 years ago, we didn't really underperform. Today we have all this technology and people don't underperform anymore. Investment is not like the Olympics where things are bigger, higher, faster. You can do it in all sorts of ways and simplest is best.

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