2min chapter

The Security Analysis Podcast cover image

Geoff Saab: Low Risk Investing

The Security Analysis Podcast

CHAPTER

The Importance of Performance Fees

I thought that the evidence from the buffet bet was pretty damning, where you look at the average return of all of those fund funds and it's something like 2.8%. And I remember when he made that bet, even I thought Warren was a little nuts because I think the S&P was pretty high at the time. You know, it's so hard to pick outperforming managers. It really, really is.

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