1. According to John Bogle, about i of the real returns on all mutual funds was consumed
by mutual fund expenses, advisory fees, sales loads, and commissions paid by mutual funds.
2. According to Ben Bernanke, who
If, relative to most other forms of business, farm incomes are small in comparison to farmers
net wealth, then: (a) rates of return in agriculture are below those from other investments. (b)
agriculture generates positive externalities for other industrie