Charlie Munger Quotes

Mutual Funds Charge 2% Per Year And Then Brokers Switch People Between Funds, Costing Another 3-4 Percentage Points. The Poor Guy In The General Public Is Getting A Terrible Product From The Professionals. I Think It's Disgusting. It's Much Better To Be Part Of A System That Delivers Value To The People Who Buy The Product. But If It Makes Money, We Tend To Do It In This Country.

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