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Category

😹
Fun
Transcript
00:00This just reminded me of a study I had seen, you know, maybe a decade ago or so, but
00:05in one of the big firms, Fidelity or T. Rowe Price or somebody did a study and said, listen,
00:09if you pick the best mutual funds that were in the best quartile in your 401k, it was a 401k
00:16thing versus the worst fund picking over a 10 or 20 year period. And then the difference,
00:21so that was one difference. And then did you save 3% of your income or did you save 10% of your
00:26income? And people that picked the worst possible investments in the fourth quartile, but saved
00:3210% instead of 3% ended up far ahead of the people that picked the best investments,
00:37but only saved 3% or like that sort of thing. The specifics aren't that important, but that idea,
00:42right?
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