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Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund.
Drawn from what Bill Ackman said
A private bookmark. Not a position, and never counted.
What Bill Ackman actually said
Word for word, with the source under each one. They did not write this page.
Founder and chief executive of Pershing Square Capital Management
There are very few that earn their keep in terms of the fees they charge. They tend to be too diversified and too short-term. And you're often much better off just buying an index fund.
Added to korrents 20 Feb 2024 · How quotes work · Something wrong? Tell us
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