Morgan Housel is one of the top financial authors in the world, with two runaway New York Times bestselling books on the topic: The Psychology of Money and Same As Ever.
He shared a quote this week about basic index investors and savvy fund investors that sums things up perfectly right here. Get the joke?
An index investor can earn 8% per year but with an experienced and savvy fund manager you can easily improve that to 6% per year.
— Morgan Housel (@morganhousel) September 6, 2024
