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Quote of the Day

"The biggest benefit is that ETFs make it child’s play to put together an institutional quality portfolio. We lose sight of that. I can put together a portfolio in my Schwab account on par with Harvard’s endowment. There’s no distinction between what’s available to institutions and my mom."

(Dave Nadig)

Chart of the Day

“If your job is to manage other people’s money, you have probably just had a terrible 12 months.”