Subject: Re: brk, disclosure, transparency, not much
For the past few years I mentioned STEW

I've got to wonder why anyone would pay a 1.6% expense ratio for someone to buy them things like Berkshire, JPM, Microsoft, etc. Seems like a waste of money. Consider someone retired who is withdrawing 3% or 3.5% each year to cover their expenses ... they'd be paying about HALF of their annual income to the fund!!! That's absurdly wasteful.