get about 25% of the return. and wall street puts up none of the capital. takes none of the rick, and gets 75% of the return. if you think that s a good deal, eliot, welcome to wall street. that exactly is the tension, the conflicts of interests that has been adherent in the so many mutual fund companies for decades. exactly. mutual fund history is a big market industry whose objective is to raise the amounts of assets under margaret, stand management, bigger you are, a lot of fee, leverage in the fees and huge economies at scale as you get bigger. the mutual fund industry by and large has not shared the economies to scale with investors, they ve shared it with themselves mgts your notion, teep the fees low to give a bigger return to the investor. scats exact lie right. transaction costs low and get rid of the sales. the index does. every fund in america, buy a vanguard fund that owns the stock market seven basis points no trading costs, high firsty, no lows. a way to capture you
and wall street puts up none of the capital. takes none of the rick, and gets 75% of the return. if you think that s a good deal, eliot, welcome to wall street. that exactly is the tension, the conflicts of interests that has been adherent in the so many mutual fund companies for decades. exactly. mutual fund history is a big market industry whose objective is to raise the amounts of assets under margarestand manag bigger you are, a lot of fee, leverage in the fees and huge economies at scale as you get bigger. the mutual fund industry by and large has not shared the economies to scale with investors, they ve shared it with themselves mgts your notion, teep the fees low to give a bigger return to the investor. scats exact lie right. transaction costs low and get rid of the sales. the index does. every fund in america, buy a vanguard fund that owns the stock market seven basis points no trading costs, high firsty,