Everything You Know about Investing? Wrong

SAN LUIS OBISPO, Calif. (MarketWatch) â?? â??Americaâ??s investors have been ripped off as massively as a bank being held up by a guy with a gun and a mask,â? former Securities and Exchange Commission Chairman Arthur Levitt warned in an article in Fortune magazine a decade ago. That same year in his classic â??Take On The Street,â? Levitt lambasted the fund industry as â??a culture that thrives on hype â?¦ withholds important information,â? a â??cutthroat businessâ? that â??misleads investors.â? Today, itâ??s worse.