“This is one of the smartest books of the decade! It is thoughtful, entertaining and enlightening. Written by an investment industry “insider”, the author reveals industry weaknesses and hidden secrets,-notably how they pile on fee after fee, effectively lowering investor’s returns by up to 80%. I can warmly recommend this book to any person interested in improving the return on his or her investment portfolio performance. Kneisley’s thoughts are in line with academic research. I am not aware of any finance professor entrusting their money to ‘actively managed’ funds rather than the recommended ‘passive’ investments.”