The Mutual Fund Industry Is A Huge Scam That Costs Investors Billions Of Dollars A Year

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 itself, its employees, and its distributors.

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