ETF's vs. Mutual Funds

     The topic of the day is ETF's vs. Mutual Funds.  ETF's are the new marketing innovation that most large financial institutions are trying to promote.  There are different variables of the ETF instrument but the underlying theme is similar to mutual funds which is to blindly give your money to someone else to invest for you.  These type of financial products are great for financial institutions because they can profit from an investor without ever meeting them or having to negotiate with them on price.  And why are people blindly giving their money to someone else to invest for them?  Would +Carl Icahn do this?  What about +Warren Buffet?  Clearly the answer is no. 
     While the fees may be lower for ETF's than Mutual Funds, it is still a blind investment with no access to the decision maker of your money.  It is important to remember that no one cares more about your money than you do.  It is up to you to be more proactive in your investments.  Don't rely on lazy investments.  +Andy Grove once wrote a book titled "Only the Paranoid Survive".  So true.
     Here is more information on the debate...http://www.cnbc.com/id/100449585.