This is a good week for The Shark. In addition to the Der Spiegel write-up, I am also quoted in the July/August issue of Bloomberg Personal Finance. In the cover article about the advantages of low-cost mutual funds, titled "Cheap Wins!":

"Every dollar that goes out the door in fees is a dollar that doesn't go into your pocket. It becomes a big difference over time." says PersonalFund.com president Stefan Sharkansky, who is convinced there are no bigger determinants of returns than expenses and taxes. "If paying an extra dollar to the money manager got investors significantly higher returns, then it would be worthwhile. But research shows that is not true. Higher costs simply do not add value."