Global Asset Allocation - Investing 101 | #1
The Meb Faber Show - Better Investing
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The Impact of Short-Term Performance, Fees, and Financial Advisors on Investing Success
The chapter explores how institutions and investors often make mistakes in hiring and firing money managers based on short-term performance, highlighting a study showing terminated managers outperforming replacements. It emphasizes the significance of fees in asset allocation, demonstrating how high fees can significantly diminish returns over time, and discusses the value of financial advisors in reducing costs and providing guidance for long-term success.
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Transcript
