Ep. 977: Trend Following Kick Ass Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Fees in the Market Economy
Our free market economy basically allocates resources based on prices. Hedge funds and other active investors are tending to buy low and sell high so they tend to push prices in the right direction making markets more efficient. Of course, they take large fees and they keep a lot of the benefits for their own sake too. I think it's fair to say that investors should be very concerned about the fees and to what extent they enjoy the benefits of those investment strategies.
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