When it comes to investing, the focus is usually on returns, or risk. But believe it or not, the small expenses that you incur along the way can actually have a huge impact on your overall net worth. While these expenses can’t be avoided, they can certainly be minimized … and doing so can save you a fortune.
In last month’s article, we addressed the topic of active vs. passive management. Specifically, we provided clear and comprehensive evidence that active management is never a prudent decision. Today, we’d like to elaborate on this topic by relaying the story of a famous bet made by the greatest investor of all time – Warren Buffett. Mr. Buffett shares our perspective on this issue, and in typical fashion, made a large wager to prove his point.
