In this episode I discuss why I believe Mutual Funds are bad investments in general. Mutual funds are the sacred cow of the largest investment firms, believe me, I do not make any friends among investing peers when talking about this topic. However, I have always believed that investment decisions should not be driven by the status quo within the industry, but that any investment approach should be able to stand up to the rigors of evidence-based analysis.
 Wanger, Ralph. “A Zebra in Lion Country: the ‘Dean’ of Small-Cap Stocks Explains How to Invest in Small, Rapidly Growing Companies Whose Stocks Represent Good Values.” A Zebra in Lion Country: the “Dean” of Small-Cap Stocks Explains How to Invest in Small, Rapidly Growing Companies Whose Stocks Represent Good Values, Touchstone, 1999, pg. 14.
 Liu, Berlinda, and Aye Soe. “SPIVA Persistence Scorecard.” S&P Dow Jones Indices SPIVA Research, Sept. 2018, us.spindices.com/documents/spiva/persistence-scorecard-september-2018.pdf.
 Active/Passive Barometer, Morningstar Direct