Zweig on Mutual Fund Fees

Here is a good article in the Wall Street Journal that talks about the need to scrutinize the fees that are assessed by mutual funds and other financial services providers.

The article quotes me, but mainly I post it because the writer (Jason Zweig) does a very good explaining how some simple psychological biases can lead to bad decision making by consumers/investors. In an age when many people are handling much of their own long-term investing decisions, the economic consequences of these biases are quite serious.

Q2

For our First Years.

Drunk on adrenalin, senses splintered and wound tight fight failure with indomitable will as Darden’s dawn glistens in September’s rising Fall.
All is anticipated, little is known
and that little includes Accounting, Dante’s tenth circle.

Down from the warmth, towards the frozen lake.

Light flees the sky westward from November’s cruel March
replaced by laptop’s pale glow.
Taut faces toil and taught bleary eyed hide from a cold call’s stark stare.
Camp Darden or Legeune?

A marathon’s long lonely stretch, painful but rapidly fleeting.

Splendor shook gowns gather in Virginia’s Spring sun.
Much is known, all is anticipated.
Bent backs straighten from book bags shunned
and friendships forged in fire dampen memories of cases cursed.