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Annals of Looting

Business Insider:

O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..."

Ritholtz: "They were dead."

O'Shaughnessy: "...No, that's close though! They were the accounts of people who forgot they had an account at Fidelity."

BWA-HA-HA-HA-HA-HA-HA!!!!!!

So why are we paying Fidelity a nickel to manage the money, then?

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