But from 1935 to 1946, managers took over and picked all the players.
Before this season, the two managers picked all the substitutes and the pitchers.
Ask five highly regarded international investment managers to pick 8 to 15 of their favorite stocks.
Usually not enough to tell an investor how the manager is picking the portfolio's stocks.
Barton Lynch's manager had once picked a fight with him.
The new general manager will then pick the new coach.
The crucial question, then, would not be the direction of the market but whether the manager had picked the right stocks to buy and sell.
Even if the managers and players pick the team, someone who deserves to start will be left off.
But in those days, the managers of the two teams picked all the players.
The managers pick the fund's 30 or so holdings from stocks in the Russell 1000.