FYI: Rick's been around the investment industry for a long time and have made plenty of mistakes. He's also seen a lot of variations on the theme of investing, some of which have made the industry better and others of which seem like nothing more than elaborate ways to separate investors from their money. The growth in low-cost index investing has certainly been a positive. On the other hand, high-cost and low-quality products are still prolific in the marketplace.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/ferri-top-10-times-when-not-invest
