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David West

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David West

Re: BigAW post# 502676

Wednesday, 01/03/2018 4:30:34 PM

Wednesday, January 03, 2018 4:30:34 PM

Post# of 734480
Thanks BigAW. “Never argue with a fool, onlookers may not be able to tell the difference.” ? Mark Twain.

Most fund managers are paid for advice, and charge a percentage of the return on investment (ROI) not on the principal outlay, or value of the investment. If, as many hope, there are hidden billions, what is being earned on the hidden billions might be $100M, and the 2% fee would be around $2M (using the previous formula). If true, it gives new hope to all that there are hidden billions.
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