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97% of hedge funds underperform the market over 15 years.
Most financial advisors don’t even invest in the products they sell you.
And yet — they still charge you 1–2% every year, whether or not they add value.
In this episode, we expose how the financial advice industry works — and why hedge fund managers, financial planners, and wealth management firms often win even when you lose.
We cover:
- The 2 and 20 fee model and why it’s rigged against ordinary investors
- What a financial advisor actually does — and doesn’t
- The difference between a financial advisor vs planner
- Why low-cost index funds routinely outperform expensive “expert” portfolios
- How commissions, model portfolios, and hidden incentives drive most recommendations
We finish by showing how Bitcoin offers an alternative: self-custody, no silent fees, no middlemen, and no need to “beat the market” to preserve value.
If you've ever asked, “Are financial advisors worth it?” — this episode gives you the answer.
Get intouch with Myles at [email protected]
35 episodes