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Listen "The Grand Illusion"
Episode Synopsis
Chapter Five
The Grand Illusion
-
Surprise! The Returns Reported
by Mutual Funds Aren’t Actually
Earned by Mutual Fund Investors.
IT IS GRATIFYING THAT industry insiders such as the In-
vestment Company Institute’s (ICI’s) chairman Jon Fossel,
Fidelity’s Peter Lynch, Mad Money’s James Cramer, and
AQR’s Clifford Asness agree with me about the inevitable
inadequacy of returns earned by the typical equity mutual
fund relative to the returns available simply by owning the
stock market through an index fund based on the S&P 500.
The Grand Illusion
-
Surprise! The Returns Reported
by Mutual Funds Aren’t Actually
Earned by Mutual Fund Investors.
IT IS GRATIFYING THAT industry insiders such as the In-
vestment Company Institute’s (ICI’s) chairman Jon Fossel,
Fidelity’s Peter Lynch, Mad Money’s James Cramer, and
AQR’s Clifford Asness agree with me about the inevitable
inadequacy of returns earned by the typical equity mutual
fund relative to the returns available simply by owning the
stock market through an index fund based on the S&P 500.
More episodes of the podcast The Little Book of Common Sense Investing in English
Acknowledgments
14/05/2025
What Should I Do Now?
14/05/2025
The Relentless Rules of Humble Arithmetic
14/05/2025
The Exchange Traded Fund
14/05/2025
Index Funds That Promise to Beat the Market
14/05/2025
Bond Funds and Money Market Funds
14/05/2025
Profit from the Majesty of Simplicity
14/05/2025
Focus on the Lowest-Cost Funds
14/05/2025
Seeking Advice to Select Funds?
14/05/2025
In God we trust