Perspectives from the Path
We Are Our Own Worst Enemies: The High Cost of Emotional Decision Making
Many of us fall victim to behavioral biases and emotional-decision making. But the evidence says that ETFs and index funds are more efficient than high-cost, actively managed funds.
Investors Wasted Half a Trillion Dollars Trying to Beat the Market
According to our rough analysis, over the past decade, mutual fund investors wasted about half a trillion dollars on unrewarded active management expenses.