#30: Meb Faber On The Future Of Investment Management
Superinvestors and the Art of Worldly Wisdom
The Importance of Diversification
Jesse: I think you nailed it on the head that fees are probably the biggest mistake investors make paying too much in fees. The diversification side of it too is critical because, as you've pointed out, people own investors maybe on several different five, six, even seven, eight different US equity mutual funds and think they're diversified. So having true diversifiers and having them enough in a way to do it really matters. And we have to say the global market portfolio is actually uncomfortable for many people.
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