Performance comes, performance goes. Fees NEVER falter.
[Read:-] Giving your money to an asset manager, as part of a sensible investment strategy, is one of the dumbest things you possibly can do!
Buffett has proved this with a 10 year bet "The Bet" (structured as a donation to a Buffett nominated charity) with Protege Partners.
The bet? If 5 of the highest regarded asset managers could outperform a costless S&P 500 reinvestment fund over 10 years.
Protege chose/selected the best 5 USA/Wall Street asset managers.
2017 concluded the bet.
The outcome? Average return of the 5 funds. Highest annualised return 6.5%
Fund A 2.0% ► 1.020^10 = 121.8%
Fund B 3.6% ► 1.036^10 = 142.4%
Fund C 6.5% ► 1.065^10 = 187.7%
Fund D 0.3% ► 1.003^10 = 103.0%
Fund E 2.4% ► 1.024^10 = 126.8%
