We're getting more and more comments from readers and we appreciate all of them. Every now and then, we get a comment that inspires us to write a story. We received just such a comment on last week's article "What's a Fair Fee to Pay a Fiduciary."
In that article, we included this throwaway line: "it would not be unusual to find a high expense ratio actively managed fund with better investment returns than a low expense ratio actively managed fund." I call it a "throwaway line" because its relevance lay just on the periphery of the topic. In the end, I'm glad I didn't throw it away. Here's why.
A reader, who went out of his way to compliment my writing and to say he's still a fan, liked everything in the article except that line. He even referred to a statement made by a Morningstar executive saying, "cheaper funds are far more likely to outperform." I emailed him back thanking him for the comment because it gave me a great idea for a story.
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