It’s the process, stupid!
Trump’s display of economic ignorance goes well beyond his budget arithmetic and lack of sympathy for the Ex-Im Bank.
People need access to sound financial advice almost as much as to good healthcare.
If you can’t beat the natural benchmark, just invent another one.
A very useful tool for the do-it-yourself investment analyst.
So is luck; now what?
There is no easy way to say this, but performance fees are not really aligned with investors’ interests.
That is the question: with individual and family fortunes in the hundreds of millions, what’s the point of private anything?
Comparing performances of managers based solely on their numbers can be dangerous to your wealth.
Same problem, different angle: advisors should give clients all pricing information upfront.