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Sensational headline. Sure, money managers have a significant interest in lying about their likelihood of outperforming market averages (6.6% real return in th
by Echo117 14y ago
Sensational headline.
Sure, money managers have a significant interest in lying about their likelihood of outperforming market averages (6.6% real return in the last 100 years, by the way, not 5%), but their fees don't mean that "compound interest is a lie."
Compound interest isn't magic, it's just pretty simple math.