[lbo-talk] Productivity, Efficiency, Enron, Doom (Was Re: barbaric)

Doug Henwood dhenwood at panix.com
Wed Mar 7 13:33:10 PST 2007


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



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