[speakme]

Having spent a few years in the finance industry, in my experience most people in my area of work were not these type A money addicts described. That said, I am confident they added no value, and made millions of dollars taking management fees in exchange for lower returns to their clients than they could have gotten in an index ETF. That might be just as big a problem: that even honest members of the industry can convince themselves they're worth their exorbitant salaries, because someone's willing to pay it.