The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, were going to be piggy-backing on the show that we had yesterday, talking about the lowest cost ETFs and today, we’re going to be talking about why more than 70% of mutual fund managers don't invest their own money in the fund. This is crazy to me. But I started going on down this rabbit hole yesterday because I really in some respects, have very strong distrust and dislike of the mutual fund industry now. I think it's been slow to kind of adapt to the modern world of finance and I think in many respects, it's doing people a disservice because they have their money in there and they haven’t really had a need to change. But I think because of outflows in mutual funds, we’re going to see that change in the future and that's a good thing for investors. But I was going down this rabbit hole and I was wondering to myself – I wonder how many mutual fund managers actually invest their own money in the fund? I mean, tha