Many writers rightly point out the corrosive effect of fees and charges on investment returns. The case is often illustrated with examples showing the effect of a difference in annual fees of, say, 1% over a lengthy investment period of 30 or 40 years. This analysis is fine (and does demonstrate the effect of even marginally higher fees or lower returns over the longer term). Some go further and explain the adverse effect on the level of income a person will have to live on in retirement.
However I have yet to see an article which addresses the other implication of higher fees (or lower returns) - the additional time it will take to reach a savings goal. For those who are striving to achieve a given financial goal (in my case, early retirement), the objective does not change. What does change is the length of time it will take to achieve the objective. Put differently, the price of higher fees/lower returns is more time spent working full time in a very demanding job and less time pursuing other activities. Depending on what your objectives are and what time frame you are looking at, boosting returns by as little as 1% per annum could allow a person to retire years earlier. Personally, I would rather spend those extra years travelling than working to over pay an under performing fund manager.
Time is more valuable than money.