One would hope that analysis would play a huge role in a manager's decision, ... But to what extent they use an analyst would be specific to the managers.

For the individual investor, it's going to require a lot more scrutiny. Just because it's a brand new fund doesn't mean you have to buy it. Just because a sector is hot doesn't mean you have to invest in it.

Yes, advisers are there to do well for you, but if they can make a buck off of you they're going to.

It's important to understand what the manager is doing. You should believe in what he's doing. All (investing) styles have dry periods.

I think the most salient issue right now (in the industry) is how to make a buck.

Look at it. Make sure it's the one you want.

People need to be careful. See what you're paying for the perk.

Independence is very important.