Hard-won lessons about money and investing

Re:Hard-won lessons about money and investing by highiquser on Sunday November 30, 2014 @08:01AM (#8676724)

OP remarked, why do the mutual fund managers have yachts but none of the clients do?

It's as frivolous as asking why the executives of Nike have millions but the majority of people who buy Nikes don't.

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Re:Hard-won lessons about money and investing by steven2012 on Sunday November 30, 2014 @01:50PM (#8677626)

This is a very terrible analogy. Nike is in the business of making shoes. A better analogy would be, why do Nike's customers' shoes fall apart after 1 year, but the shoes of the Nike executives last for several years?

Asset managers are supposed to be in the business of increasing their customers' wealth. However, most customer don't get as wealthy as the asset managers themselves.

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