2min chapter

People I (Mostly) Admire cover image

40. Harold Pollack on Why Managing Your Money Is as Easy as Taking Out the Garbage

People I (Mostly) Admire

CHAPTER

Investing in the Stock Market Isn't That Hard?

I think any economist would agree with me that it's crazy that the market is structured like this and people pay such enormous fees. The system is set up to allow the industry to have tremendous mismasses of incentives to treat their customers in a way that really departs from the fundamental integrity wewould like to see businesses operate in. And i do think that some of the efforts under the abom administration to strengthen fiduciary protections and so on, aren't just really important, because people dont wat to think about their money. It's scary. They don't wat to make a huge mistake that makes people vulnerable to unethical business practices. I agreed. What's interesting is how persistent that business

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