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Tag: hedge funds; management fees; banks

Written by wildfryApril 9, 2015December 7, 2015

Two Bakers – Wealth transfer through management fees

Two bakers in 1900 each bake 1000 loaves and, on selling them, place the proceeds in the stock market. In 1900 a loaf of bread sold for 10c so they each had US$100 to invest. The elder brother went straight to the stock market and bought directly into the share index. The younger brother had […]

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