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#30: Meb Faber On The Future Of Investment Management

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Slow Drip of the Cost of Fees

The average mutual fund fee today of 1.25%. That takes the best performing asset allocation for the world and this black look at Ford Pius and makes it far worse than the worst. Today, you can buy a fund ETFs that are pretty darn close to 0% fees. In some case have negative fees because of the short lending revenue. Why would you ever pay more? It makes no sense.

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