Our friends at Sensible Investing TV from the United Kingdom have just released the first episode of their new documentary “How to Win the Loser’s Game.” Robin Powell, the producer of “How to Win the Loser’s Game,” has provided a compelling story about the mutual fund industry, and is a must see for investors and professionals alike.
I will be sharing each weekly episode with a short post and link on my site for my radio program listeners. Robin and his team have done an excellent job of producing a broadcast quality video in a documentary format about how to be a successful investor. It is a great documentary and is a must watch. I would highly encourage my listeners to watch each episode as it comes out.I asked Robin Powell a couple of questions, and here are his thoughts:
Robin, one of the big criticisms of the mutual fund industry is the overall cost structure. What are your thoughts about mutual fund fees?
“It’s well known that we face a pensions crisis. The emphasis so far has been on the need to put more more money into our pensions. It’s true that most of us have to. But we also need to wake up to how much the industry is taking out of our savings – and how little value it’s adding in return.”
Has the mutual fund industry become too large for society? In essence, I am asking is it the right size to deliver on its promise or mission?
“Investors – and the wider economy – would be better served by a fund management industry 20% its current size.”
Robin Powell, producer, “How to Win the Loser’s Game”