Those of us in the financial media make big deal out of the results, which always show significant underperformance by actively managed mutual funds across almost all asset classes in both stocks and bonds.
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Almost 50% of Americans don’t have sufficient savings to maintain their quality of life in retirement.
A recent study described my flawed process as “perspective mistaking.” Through an elaborate series of experiments, the authors concluded our assumptions about the perspectives of others – including people we presumably know really well – are often incorrect.