Arthur Levitt Quotes
While fund performance is unpredictable, the impact of fees is not... A 1-percent annual fee will reduce an ending account balance by 17 percent after 20 years. 
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Fund | Performance | Unpredictable | Impact | Fees |
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These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page.
- Arthur Levitt
