November 3, 2014

10 Things Mutual Fund Companies Won’t Tell You

From MarketWatch

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.”