http://www.economist.com/news/finan...are-more-influential-most-people-think-wisdom
"Why do retail investors have such a bad reputation? Part of the reason must be the propaganda put about by the finance profession: if the average guy realised he was financially shrewd, he would have no need to pay 1-2 percentage points a year to have his money handled by a fund manager."
"Why do retail investors have such a bad reputation? Part of the reason must be the propaganda put about by the finance profession: if the average guy realised he was financially shrewd, he would have no need to pay 1-2 percentage points a year to have his money handled by a fund manager."