In this episode, Mark asks, what is the value of clarity? It's what you are actually paying for for your money management! It's very difficult to quantify risk adjusted return when it comes to emotions of investors usually caused by noise in the market. Who decided which bench mark we should or have to follow? People choose the benchmark they want to use to evaluate how their portfolio did. What's the value of an advisor? It's different for everyone! He also talks about product business as opposed to a process business. The process is different for everyone! You can not put people in a box.
January 18, 2017