To me these high paid Harvard educated Money managers are Bozo's.
They get paid Millions no matter how much they suck. Most can't outperform the index.
So why do people pay them?
All they do is buy $AAPL, $AMZN, $GOOG etc.
Can't anyone do that and by pass them and their fees?
Can’t agree more. All those advisors, who charge a lot of money and only talk without taking any responsibility for their “advice”... totally useless. But guess their strategy works on lesser confident people..