A Lesson in Objectivity

John Noonan Uncategorized

Imagine your doctor tells you that she won’t prescribe the best medicine that exists for your illness, as the company which produces the medicine refuses to kick her back a few dollars for writing the prescription. Rather, she prescribes a pill that doesn’t work nearly as well, but for which she’ll receive a kickback. Whether you live or die, well… While you certainly wouldn’t accept this scenario, millions of people are hurt, unknowingly, by the same problem with their investments. Kickbacks in investment products, euphemistically known as “revenue sharing”, are a major obstacle between an investor and the best investment …