10 Truths Mutual Fund Firms Won’t Admit
- “Cheap funds often outperform pricey ones.”
- “We can’t beat the market.”
- “When skill fails, we just double (or quintuple) our odds.”
- “People aren’t buying our product…”
- “…except when we pay them kickbacks.”
- “Hedge funds are our idols.”
- “Our boards are rubber stamps.”
- “Blame us for runaway CEO pay.”
- “We played a starring role in the financial crisis.”
- “Our lobby crushed bipartisan efforts at reform.”
Source: MarketWatch