Warren Buffett on 5 habits that feel like good investing but make you poorer
Here is a question worth considering. If a fund manager loses half your money this year, after making you a fortune last year, how much of last year’s bonus does he give back? The answer, in large parts of the money management business, is none. Not one paisa.The bonus was earned, it was paid, and it is gone. Your loss is yours alone. This is not a scandal; it is the standard arrangement. It is printed in the documents, agreed to by lawyers, and