Much has been said and written about the poor returns achieved by many active fund managers for their clients. Some critics focus on high expense ratios, but my experiences over the past 30 years as a director of seven quoted British companies suggest there is a deeper problem.
有關(guān)許多主動(dòng)型基金經(jīng)理為客戶帶來(lái)糟糕回報(bào)的題材,人們談?wù)摿撕芏啵矊懥撕芏辔恼隆S行┡u(píng)人士聚焦于高費(fèi)用比率,但我過(guò)去30年擔(dān)任7家英國(guó)上市公司董事的經(jīng)驗(yàn)似乎表明,這其中存在一個(gè)更深層次的問(wèn)題。
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