The great mutual fund trap
Book • 2002
Gary Gensler and coauthors examine how mutual funds and the investment industry can work against ordinary investors, offering practical advice for selecting funds and avoiding common pitfalls.
The book explains structural incentives in the mutual fund industry that can lead to higher costs and suboptimal outcomes for retail investors.
It provides concrete recommendations for how investors can better align their choices with long-term goals, emphasizing low-cost, diversified approaches.
Drawing on the authors' combined experience in finance and regulation, it blends accessible explanations of investment principles with critiques of industry practices.
The book aims to empower everyday investors to make wiser decisions and avoid common traps that erode returns.
The book explains structural incentives in the mutual fund industry that can lead to higher costs and suboptimal outcomes for retail investors.
It provides concrete recommendations for how investors can better align their choices with long-term goals, emphasizing low-cost, diversified approaches.
Drawing on the authors' combined experience in finance and regulation, it blends accessible explanations of investment principles with critiques of industry practices.
The book aims to empower everyday investors to make wiser decisions and avoid common traps that erode returns.
Mentioned by
Mentioned in 0 episodes
Mentioned by ![undefined]()
Gary Gensler
Episode 4: Is Greenland Next?
Mentioned in the episode description as ![undefined]()
Gary Gensler
Episode 2: The Federal Reserve and Monetary Policy
