The Secret of the Financial Industry

Timothy Stanley: I've been in the industry 20 years, i've not read a book like it. From 19 85 to 20 15, you nave found up and b 500 over that 30 year period of time, it had an average annual compounding of ten point two eight%. So instead of that 50 thousand being worth just under a million, it's worth a hundred forty six thousand dollars. What's the difference? Why are people getting so little? One of those pieces is fees. The other part is trading in and out of market, thinking that somehow you're going to do something that even war and buffet can't do. Everyone hear me on this, every dollar you invest