But not all institutional investors applaud this approach.

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They spurn the cultural and geographic stories of their forebears in favour of an approach rooted solely in institutional economics, which studies the impact of political environments on economic outcomes.

ECONOMIST: Creating economic wealth

The total return investment approach is universally accepted by academic literature and institutional best practices.

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An example of this new approach was the appointment of Ralph Whitworth, an institutional investor with a reputation for activism, to the board of Apria Healthcare last year and more recently as chairman of Waste Management, a troubled company.

ECONOMIST: Thank you and goodbye

Beneath even the institutional structure (which is set up badly for clients) and the billing approach (which is even worse) is another level of perversion in the prevailing mindset of Big Law.

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The ethical approach which includes the reflection concerning the relationship between the abstract principles and concrete institutional mechanisms, aims to find a reply to this question.

UNESCO: Social and Human Sciences

Weisel's approach would scare any value investor, but at least he has a bunch of sober-minded institutional clients who are putting money on him.

FORBES: The Internet Mystic