Investing Literature, Thinking Multi-Dimensional

Each runner represents a different fund and they're lining up on the start line of an athletics track. Each lap you have to either put in your backpack some weight or some fruit. But the weight outweighs the fruit 10 to 1, so there's only going to be a few of the runners that basically get the fruit each lap. The fruit provides outperformance. It's a metaphor of buying better companies and outperforming your other runners. And the metaphor for the weight is fees, extra fees and these sort of compound over time.

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