Fund Managers Give Thanks

Mutual fund managers are thankful too, you know.

Like most Americans, the folks who oversee the nation's mutual funds will join their families Thursday to celebrate Thanksgiving. And like the rest of us, they will fill up on turkey and stuffing, and then waddle over to the television to fall asleep in front of the football game. (Or, like some of us, pretend to fall asleep to avoid cleaning off the table prior to dessert.)

There is, however, one thing that separates the average American from a mutual fund manager, and it's not that they are responsible for millions of dollars of retirement money and you can barely balance a checkbook. No, the chief difference is what they count among their blessings. Would anybody at your Thanksgiving gathering, for example, be thankful for New York State Attorney General Eliot Spitzer? ...