The world of news is one of the most changed industries because of data and no one knows it better than Jennifer Duck, a two-time Emmy award winner, and soon to be doctorate graduate from Clemson University specializing in online disinformation. Nano Leaf - Data 4 All Social Media Linksįor more information please visit us at or email us at.talks about how he went about starting from scratch in his new home and why he chose Apple Home Kit and the other gadgets that are compatible. From locks to lights to cameras and thermostats, the world of home automation continues to change and continues to evolve and capture new data.Ĭharlie A. The second reminder of excess and underperformance came the other day with the biannual Morningstar "Global Fund Investor Experience Report" which awarded Australia a C+ behind the likes of Thailand, Spain, China and India.On this episode, Charlie and Charlie dive into the world of home automation from a data perspective. In what are likely to be years of lower average returns, the market will be reticent to cough up excessive fees simply to see the benchmark replicated. In good times, people ignore fees and commissions. The irony of the slower economy is that things should get better. It sharpens the bias towards active managers. The mandatory super regime distorts competition in performance and management fees even further. It is hard to think of any other service that is priced at such a high proportion of value." The Harvard authors found the "major inefficiency in financial markets today involves the market for investment advice and poses the question of why investors continue to pay fees for asset management services that are so high. Fees have fallen, though they remain way out of kilter with where they should be (given economies of scale in a trillion-dollar super market). "After costs, actively managed mutual funds trail the market (since the 1960s) … Yet while passively managed, much-lower-cost index funds have been available since 1976 … most investors still put most of their money in the hands of active managers." The first is a piece in the Harvard Business Review titled, "Just how useless is the asset management industry?" Make that a twin reality: one, that fund returns barely match the performance of bank deposits over the long term, and two, actively managed funds do no better than passively managed. Their incentive is to shelter in the pack, hugging that three-month performance benchmark, riding that gravy train.Īgainst the daily onslaught of glossy marketing and glittering TV ads, there is the odd reminder of reality. Most Fundsters, it should be said, are decent people who take their job seriously. You only have to beat the benchmark - rank one place better than the middle of the pack - and you get your performance commissions.Īnd all the while, the government-mandated wads of cash keep spilling into your coffers from the salaries and wages of working women and men. And, however hopeless is your fund's performance, you will still be paid the same, which is too much, millions in some cases, even while fund returns fall.
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