Wilkinson spends most of the book deriding mutual funds and selling the idea that (if you are already wealthy) you should place your investable assets in seperately managed accounts. Strangely, the reasons he uses to slam mutual funds apply equally to SEPs.Wilkinson blames high fees, incompetent or corrupt fund managers, and investor ignorance for mutual funds' supposed poor performance. His answer? Invest your money in your own account with broker's fees, an account manager to guide you, and your own investment decisions.The audience for this book seem to be people with around $100K to invest, who are savvy enough to handle their own diversification and investment strategy and make sure their broker is on the level, but are unable to track the performance and diversify their mutual fund holdings.If you are wealthy enough to safely follow the ideas in this book, chances are you don't need the advice in the first place.