Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Mar 2017 1 Comment
in economics
Where are the customers’ yachts? is a famous wiley book. Written in 1920’s it is about the financial industry which just rewards itself but not the customers.
Not much has changed. In this note, Neel Kashkari of PIMCO points to some interesting trends in Active MF industry.
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Mar 18, 2017 @ 01:30:18
Actively managed funds almost almost lose to a simple index fund. But advisors don’t make money on index funds. Buyer beware! Thanks for the post.
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