Think a 1% advisory fee sounds cheap? It is actually eating 15% of your investment returns.

MarketWatch•Wed, Jul 29, 2026, 11:43 AM•2 min read

Investing legend Charles Ellis says that most stock pickers are playing a “loser’s game.

Source: [MarketWatch](https://www.marketwatch.com/story/think-a-1-advisory-fee-sounds-cheap-it-is-actually-eating-15-of-your-investment-returns-ceead305?mod=mw_rss_topstories)

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