Quote:
Originally Posted by Detroitdad
None of this stuff is a big secret, so it is hard for me to understand why the general public persists in chasing the cult of the incredible stock picker mutual fund manager, cult of personality. I guess marketing is a more powerful force to most than empirical data. And all this time I thought that empirical data was so captivating to the average Joe. Go figure.
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I think it's fueled by greed. Someone's promising 15% returns and market avg all of a sudden seems low.