tag:blogger.com,1999:blog-582368152716771238.post3163891762062715055..comments2024-03-28T14:41:03.793-05:00Comments on The Grumpy Economist: Finance: Function Matters, not SizeJohn H. Cochranehttp://www.blogger.com/profile/04842601651429471525noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-582368152716771238.post-83276013346312443312013-05-08T20:48:54.341-05:002013-05-08T20:48:54.341-05:00my list of reasons for high fee persistence:
over...my list of reasons for high fee persistence:<br /><br />over regulation - federal, state, treasury, Fed, SEC, CFTC, etc.<br /><br />agency problems - "when 2 people decide on how to spend a third persons money fraud results" (see first reason e.g. ERISA)<br /><br />"utility for gambling" - or hope springs eternal. the whole industry disseminates biased information. its costly to discover the unpleasant reality that its all a lie. <br /><br />and besides I might be one of the lucky ones ; )<br /><br />Paul<br />Paulhttps://www.blogger.com/profile/14580292813416508093noreply@blogger.com