"I think that of most leaders in religion as power brokers. They give orders, in a sense, to an audience every week, and that's where the definition of God starts."

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Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country.

— Charlie Munger