A lot of information misleads you every day.

During WWII, Britain possessed radar capable of night targeting, but they didn’t want the Germans to find out. So, they claimed that their pilots gained extraordinary night vision abilities by eating large amounts of carrots. The grand principles you encounter are basically just teaching you to eat carrots.

Open-ended funds charge an annual fee of 2%, and then those brokers make people switch back and forth between different funds, adding another 3% to 4% in fees. Poor ordinary fund holders hand their money over to professionals, only to receive terrible results. I find this disgusting. When people buy your product, you should be making their assets grow. But in this country, fund managers only care about making money for themselves. This industry is ridiculous because, looking at the net returns, the entire investment management industry collectively hasn’t provided added value to all its clients’ assets. That is how this industry operates.