The author critically examines fund houses, arguing they promote investment fads, shifting advice too late for investors. The industry prioritizes asset gathering, launching thematic funds when themes peak, leading to investor losses. Managers exploit FOMO, dismissing poor performance. While advocating global diversification, the author reveals many Gift City product providers lack genuine global expertise, resulting in underperforming schemes. Global markets are complex, demanding deep understanding, not opportunistic repositioning. She warns against risky private credit offerings, emphasizing prudent risk management for fixed income.