fees
3 statements across 3 episodes · 0 bullish · 2 bearish · 3 people on the record · first statement Apr 13, 2017 by Andre Perold · across every show →
Everything said about fees, oldest first
Apr 13, 2017 negative
Perold: Generating high alpha for low management fees is a complete misnomer
“For the kinds of skill we're looking for, you need talent, and talent is expensive, so the idea that you can generate high alpha for low fees, I think, is a complete misnomer. Very hard to do... But when you find true talent, you gotta pay them, and I think yo…”
Jan 8, 2018
Mauboussin: US Active Equity's $1 Trillion Gross Profit Was Erased By Fees
“The cumulative gross profit, I think we have 35 years of numbers, is about a trillion, trillion net positive gross profit. So gross profit positive more than, you know, ok, is a trillion dollars. Now, that also happens to be about what the fees were in that ti…”
Nov 29, 2021 negative
Cocke: A $10 billion endowment likely paid $500M in fees in 2021
“I would bet that if you looked at a ten billion dollar endowment in fiscal year, 20, 21, it would shock me if they didn't pay at least Five hundred million dollars in fees in fiscal year, 20, 21. It wouldn't surprise me if it's even higher than that.”