Because the fees paid to U.S. investment banks and other U.S. financial services firms for those firms' services are, on average, disproportionately large in two respects:
(1) in terms of economic value provided to clients; and
(2) in relation to the capital the firms involve or deploy, the risks the firms assume, and the talent the firms bring to bear. (This is not to in any way underestimate or undervalue the firms' talent; it is premier.)
About Me
- Russell F. Coleman
- Follow me @InvestmentCosts. Views expressed are those of the author and not any other individual, or any firm or company other than Investment Costs Matter LLC d/b/a Coleman Investment Counsel. This blog contains only informational, editorial, and/or educational material. Mentions here or at linked sites of specific exchange-traded funds, specific securities, specific indices, or other investments are examples only and are not recommendations or endorsements. The author assumes no responsibility for the content or privacy policies of linked sites and is not responsible or liable for any information available on or through those sites.
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