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I've never had the pleasure of meeting Robert Rodriquez, and given that he is associated with a load fund group, he works in another world from me. Nevertheless I was greatly impressed by some comments he made during a speech he delivered at the annual Morningstar conference in 2009. He exemplifies the kind of integrity you like to see in a money manager. Here's part of his speech:
I have always maintained my professional and personal integrity. I have never wavered, despite having paid some very high prices. It seems as though it was a lifetime ago in 1986, when I had few assets under management, and the consultant to my largest account insisted that, if I wanted to continue the relationship, I had to pay to play. I was shocked, dismayed, and speechless. Though this would probably have never become public, if I had agreed, how would I have ever lived with myself? By not agreeing, it meant that I would lose nearly 40 percent of my business. When I was fired shortly thereafter, this termination compromised my efforts in the raising of new money for nearly six years because I could not say why. Despite the pain and hum....