Wednesday, 21 December 2016

[Wednesday Wisdom] Tyranny of Compounding Costs

"The miracle of compounding returns is overwhelmed by the tyranny of compounding costs."

If, for one second, we believe traditional active management adds value, its benefit is overshadowed by its cost. John Bogle sums this up with his famous quote above.

#ForgetTheNoise #Bogle #Invest #Costs #Compounding