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I don't understand how this view is still controversial. I worked in fund management: I have never seen people who were so overpaid (myself included) for doing

I don't understand how this view is still controversial. I worked in fund management: I have never seen people who were so overpaid (myself included) for doing so little. Fund managers are a net negative cost to the economy, and they earn fees to do it. Most of them, particularly personal advisors, understand nothing about investing that most people couldn't learn themselves (the only exception are the big wealth management divisions at IBs, most personal advisors likely cost clients substantially). I actually worked in the personal space too, I remember billing clients regularly ~$20k for 20 minutes work...there is no world (even inc. our costs) in which our fees made sense. I invest actively because I have literally spent 14 hours/day researching stocks for most of the past decade. For anyone else, buy an index fund. Your performance is still going to be good, there is no way that most people get a return on time researching stocks/mutual funds themselves. VCs have a fetish for financial idiocy that I will never understand (perhaps that is required to be a VC, no idea).

jamesmark 6y ago
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jamesmark 6y ago

Hello am mark barger from USA, i james mark . to say a very big thanks to Dr Macaulay for saving my soul from dying of Herpes Virus,i have being suffering from this Herpes Virus for two years now, i saw Dr Macaulay email address on a comment of someone who he has helped i was so encourage with the testimony been shared, i took the man email address and also contacted him for help he replied me and ask for some of my details which i provided and also ask for some useful Materials Needed for the herbal herbs which also did not cost me much, i provided all he needed from me to God be blessed this Dr prepared a parcel and send it to me followed with the instruction on how to take the herbal herbs medicine for 14 days. So surprisingly after taking the herbal herbs i went to the hospital for checkup to my greatness surprise my result came out (negative),i will never stop sharing my testimony of how i was cured from my Herpes Virus by Dr Macaulay you can also write him for any type of help you may need (Via:Dr.Macaulayherbalhome@yahoo.com) here his whatsapp https://wa.me/message/HJO6BWJEP4CFJ1mobile https://wa.me/message/HJO6BWJEP4CFJ1mobile number (+2349067522465) for help....