Their incentive is to earn fees for their company first, and then beat the market, second. And yet you advise people to pay them inordinate sums to underperform the market.
I love how I'm getting voted down for pointing out simple and obvious facts. I take down votes without counter arguments as proof that the people I'm debating are expressing a religious, rather than rational, perspective.
That's fine, believe what you like. Just don't try to persuade me with such assertions.
Comments
"It is not difficult to beat the market, nor to do it over the long term."
Yet most active fund managers, who I assume are not stupid, do not beat the market over the long term.
Their incentive is to earn fees for their company first, and then beat the market, second. And yet you advise people to pay them inordinate sums to underperform the market.
I love how I'm getting voted down for pointing out simple and obvious facts. I take down votes without counter arguments as proof that the people I'm debating are expressing a religious, rather than rational, perspective.
That's fine, believe what you like. Just don't try to persuade me with such assertions.
I never advised anything of the sort. You're putting words in my mouth.