Sentences with phrase «hides meaningful differences»

The next time you hear media coverage of Illinois» or Detroit's or California's «average» teacher pension, take a step back and remember that you're likely seeing the weighted average, and the weighted average hides meaningful differences.

Not exact matches

Investors clearly understand that higher fees can have a negative impact on their net return, as is evident in the price war in mutual fund fees, but a few basis - points difference in visible fees is far less meaningful in performance impact than the often - large hidden costs.14 For example, switching from a low - turnover strategy to a sloppily constructed strategy that spends scores of basis points in incremental trading costs can cost the investor dearly in performance.15 The same holds true for the buyers of opaque high - fee products (hedge funds and illiquid private investments), for which substantial costs may be hidden from sight.