Morningstar: 51% of mutual fund managers have ZERO invested in their fund. Just 9% of managers have more than $1M invested. If you do not eat your own cooking, the stew must not be very good. I have in excess of $1M invested in our mutual fund.
Investing lesson:
NEVER, EVER, invest with a mutual fund, company or financial advisor where they do not believe enough in the investment to invest in it themselves.
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