Advisors, They’re Just Like US!

Advisors can often make the same bone-headed decisions for themselves that they do for clients.  Nice PPT from a presentation this spring…

Quote then download:
“Advisers encourage chasing returns, push for actively managed funds, and even actively push them on auditors who begin with a well-diversified low fee portfolio.”

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The Misguided Beliefs of Financial Advisors


Good investing,
Meb Faber