2011 Finance Management Rate of Return 
Harvard Business Review
OCTOBER 27, 2014
billion in 2013, making him the fifth highest-paid fund manager in the land. In 2011 it was $2 billion , good for third place. r>g: Economist Thomas Piketty’s formula for spiraling wealth inequality, in which the rate of return on capital is higher than economic growth, has its critics. Apple Finance Skill vs. luck'
Harvard Business Review
NOVEMBER 21, 2018
Higher-fee, actively managed funds lost $500 billion in assets since 2015, with much of it flowing to much lower cost passive funds (e.g. ESPN was conducting business as usual until it peaked at 100 million subscribers in 2011; it’s declined to 87 million subscribers today, largely due to cord cutters who never had cable.
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