Remove Aggregator Remove Cost Remove Equity Remove Net Present Value
article thumbnail

Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

It is mathematically impossible for the median investor to beat a low-cost index, after expenses. (Of Of course, asset management firms also sell peace of mind, tax minimization, and other services besides just increasing the value of your assets.). The average equity fund investor earned a market return of only 4.25%.