Wow:
10 things mutual fund companies won’t say
1. “Cheap funds often outperform pricey ones.”
2. “We can’t beat the market.”
3. “When skill fails, we just double (or quintuple) our odds.”
4. “People aren’t buying our product…”
5. “…except when we pay them kickbacks.”
6. “Hedge funds are our idols.”
7. “Our boards are rubber stamps.”
8. “Blame us for runaway CEO pay.”
9. “We played a starring role in the financial crisis.”
10. “Our lobby crushed bipartisan efforts at reform.”
Astonishing . . .
Source:
10 things mutual fund companies won’t say
Pay, lobbies and fees cut value of mutual funds
By Ian Salisbury
Marketwatych, March 2, 2013
http://on.mktw.net/1vyYaCM
What's been said:
Discussions found on the web: