From Business Insider:
Yale's legendary investment guru, David Swensen, shreds the mutual-fund industry this weekend in
The New York Times.
Swensen points out what anyone who has objectively studied the facts of investing inevitably comes to realize: The fund industry costs investors billions in lost returns every year -- while coining money for...
Read full article...
More on mutual funds:
This might be the scariest chart in the world right now
How to avoid the most common mutual fund manager lies
Top manager Greenblatt: Why most mutual funds are terrible investments