Fidelity Isn’t Faithful to Arithmetic

Fidelity, the privately held investment management firm, wants to manage billions and trillions of dollars. In other words, it wants 7 or 8 figure of AUM according to Fidelity math. Here is an actual ad the firm was running in Yahoo Finance’s retirement section, pointed out by a reader.

If their advice on how to retire a millionaire is to become a thousandaire, well that’s the exactly they have managed much of their clients’ retirement portfolios over the past 3 years, so we give them points for consistency.
Recommendation: Take Fidelity public for the sole purpose of shorting it.
HT: AB