Darryl

[Market Sentiment @mkt_sentiment]

At age 25, you give your hedge fund manager $100K to manage, and he produces an annual return of 8%.

Assuming a 1.5% management and 20% performance fee, by the time you retire at 65, you will have $764K.

But the manager will have $1.24M (at zero initial investment!)

[Tim Urban @waitbutwhy]

New year, new you