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A very interesting book that shines light on Wall Street's dirty little secret. They are skimming off billions of dollars through small fees charged to investors in mutual funds. The reason they can get away with this is that fund ownership is so disperse, individual investors have no control. Ownership has been divorced from management. If you invest in a mutual fund, you ought to read this book.
12 of 13 people found this review helpful
The author might want to start by studying the father of capitalism (Adam Smith). In any free exchange both parties benefit. If investors feel they are being taken advantage of they should change the way they invest. A capitalist doesn't depend on regulators for "protection". If you want a socialist view on the benefits of capitalism then read this book. If you believe that capitalism is not just the best means of allocating resources but is a matter of freedom, you will have a hard time with this book!
10 of 29 people found this review helpful