> So much is at stake that it would be a false economy to hire someone cheap. This is probably net true, but maybe there is a also a flip side: do these produc

> So much is at stake that it would be a false economy to hire someone cheap. This is probably net true, but maybe there is a also a flip side: do these products exhibit some negative price elasticity? (i.e. a fund that charges high fees and pays it's managers highly may actually be more attractive than one that is cheaper but otherwise identical). Given the intangibility and the expectationary-nature of the product, it is possible.