The Ten Commandments of Investment Management
Chai with Pabrai
00:00
Do You Think the Zero, Six, 25 Fee Structure Is a Favorable Fee Structure for Investors?
The zero, six, 25 fee structure is a fee structure that is very favorable for investors. It takes away any incentives for me to be just an acid gathering machine because i don't get paid more if i have more assets. And the second thing is that, you know, i just went through a ten year period. I told you that in two thousand nine i was at the bottom of a very deep well, and we were down 70%. We finally crossed the high watr mark, including the six per cents, in 20 17. So i went from 27 two thousand seven to two thousand 17, living on fresh air and water. Wasn't w it's ae very healthy
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