Strategies - The Index Funds Win Again - NYTimes.com

Strategies - The Index Funds Win Again - NYTimes.com: "Kritzman... set up his study to accurately measure the long-term impact of all the expenses involved in investing in a mutual fund or hedge fund. Those include transaction costs, taxes and management and performance fees....Then he calculated the average return over a hypothetical 20-year period, net of all expenses, of three hypothetical