Re: Productivity, Efficiency, Enron, Doom (Was Re: barbaric)
On Mar 7, 2007, at 4:19 PM, andie nachgeborenen wrote:
honest management fees on mutual funds involve the provision of real services, investment analysts doing work the investors won’t or can’t do, assembling bundles of securities, watching them, buying and selling at the right time, etc.
Except they mostly do a crappy job of it. Most people, unless their
last names are Buffett or Soros, should just stick with index funds.
Doug