Interview With Jack Bogle: Masters in Business (Audio)
Masters in Business
00:00
How Important Is Keeping Costs Low for Investors?
The hedge fund industry charges 2% – forget five basis points – 2% of the assets under management. And they also scaled up across 10,000 funds to $3 trillion. So how do you explain so much money flowing to a group with such high expenses? Well, greed, the buyer's greed, and perhaps even the manager's greed,. But people are looking for a better way.
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Transcript
