The One-Man, $1.2B ETF Shop

Looking at the Rovio layoffs, I wonder if he'll be able to repeat success, or will his one hit only be able to sustain him for a little while.

As an outsider looking in, I'd be sorely tempted to bank the profits instead of re-investing in the business. At least until I was set for life.

If and when they catch on, running ETFs and mutual funds are both easy ways to make money. Essentially they skim off the top.

The article says "fees of 75 basis points". What that means is they take 0.75% of the assets under management, year in and year out, in good times and bad times.

Fortunately, as the ETFs get bigger and there is more competition, the fees come down. Eg SPY takes 0.09% and VOO takes 0.05%.