Fund Quotes - Page 25

• Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

  Bill Gross

  Brilliant, Mutual Fund, Fidelity

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• Over the years, the diamond industry has had a devastating impact in countries such as Sierra Leone, Angola and the Congo, where profits from the sale of diamonds have been used to fund brutal wars, with disastrous effects on local communities.

  Sheherazade Goldsmith

  Country, War, Years

  "Green Scene: Pop the Right Questions". www.dailymail.co.uk. February 07, 2009.

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• Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.

  Robert Kiyosaki

  Financial, Protection, Failing

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• Positive response from some of our exporters and holders of free funds in response to some of the turnaround initiatives ... in particular the favourable exchange rate policies.

  Gideon Gono

  Initiative, Rate, Turnaround

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• It proved to be pretty impossible to get funds for a feature film in Finland. It's still small, but the film industry was miniscule at that point in the early '80s.

  Renny Harlin

  Impossible, Film, Finland

  Interview with Kenneth Plume, www.ign.com. April 27, 2001.

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• The Constitution guarantees protection to property, and we must make that promise good. But it does not give the right of suffrage to any corporation. It is necessary that laws should be passed to prohibit the use of corporate funds directly or indirectly for political purposes; it is still more necessary that such laws should be thoroughly enforced.

  Theodore Roosevelt

  Law, Giving, Political

  Theodore Roosevelt (2004). “Letters and Speeches”

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• I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

  Myron Scholes

  Fargo, Late, 1960s

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• I knew that America would never invest the necessary funds of energies in rehabilitation of its poor as long as adventures like Vietnam continued to draw men and skills and money like some demonic destructive suction tube.

  Martin Luther King, Jr.

  Adventure, Men, Skills

  Beyond Vietnam -- A Time to Break Silence, Delivered 4 April 1967, Riverside Church, New York City

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• The Nuffield report suggests that there is a moral imperative for investment into GM crop research in developing countries. But the moral imperative is in fact the opposite.  The policy of drawing of funds away from low-cost sustainable agriculture research, towards hi-tech, exclusive, expensive and unsafe technology is itself ethically questionable.  There is a strong moral argument that the funding of GM technology in agriculture is harming the long-term sustainability of agriculture in the developing world.

  Tewolde Berhan Gebre Egziabher

  Country, Strong, Technology

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• At first, the only thing that I learned was to save. Then I learned about mutual fund, then later on direct stock investments. I also went into small businesses and even real estate.

  Bo Sanchez

  Real, Firsts, Mutual Fund

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• For the first time in the history of Bihar, I provided a stable government. Despite being denied funds by the Centre, Bihar survived on its resources. I provided pucca dwellings to half a million Dalit families.

  Lalu Prasad Yadav

  Government, Dwelling, Half

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• If those millions squandered on designing missionaries had been deposited in funds for the support of yourselves, when old age, misfortune, or sickness (from which none are exempt,) overtakes you, or for the distressed of your race, what a heaven of happiness you would have created on earth: ye would now be an ornament to your sex, and ages to come would call you blessed. But it is in vain to try - a priest-ridden female is lost to reason. Why? because she has surrendered her reason to the ... missionaries ... the orthodox; they are the grand deceivers.

  Anne Royall

  Sex, Blessed, Race

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• Since all taxpayers are being forced to fund the religion of evolution in schools and it is evolution that must be proven to be the only way our universe came into being like the textbooks say, what happens if one jury member will not vote with the rest?

  Kent Hovind

  School, Scary, Textbooks

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• If your fund doesn't last for the long term, how can you invest for the long term?

  John C. Bogle

  Long, Lasts, Investing

  John C. Bogle (2010). “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”, p.70, John Wiley & Sons

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• After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and common sense are indispensable... for anyone trying to figure out how to invest in this crazy stock market.

  Jim Cramer

  Crazy, Thinking, Common Sense

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• When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.

  David F. Swensen

  Long, Looks, Investing

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• Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.

  Richard Thaler

  Rip, Naps, Years

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• It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

  John C. Bogle

  Two, Twists, Investing

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• We can extrapolate from the study that for the long term individual investor who maintains a consistent asset allocation and leans toward index funds, asset allocation determines about 100% of performance.

  Roger G. Ibbotson

  Long, Investing, Study

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• A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minority, at most one percent, are capable of pulling it off. Heck, if Helen Young Hayes, Robert Sanborn, Julian Robertson, and the nation's largest pension funds can't get it right, what chance does John Q. Investor have?

  William J. Bernstein

  Believe, Average, Doe

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• There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.

  Benjamin Graham

  Responsibility, Investing, Shame

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• The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.

  John C. Bogle

  Years, Ideas, Investing

  John C. Bogle (2010). “Common Sense on Mutual Funds”, p.28, John Wiley & Sons

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• Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."

  Warren Buffett

  Smart, Long, Style

  "Warren Buffett On Todd Combs, Berkshire's New Hedge Fund Superstar" by Joe Weisenthal, www.businessinsider.com. February 26, 2011.

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• We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.

  Martin J. Whitman

  Needs, Investing, Assets

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• I remember my sense of shock some half-dozen years ago when I read a recommendation to sell shares of a company ... The recommendation was not based on any long-term fundamentals. Rather, it was that over the next six months the funds could be employed more profitably elsewhere.

  Philip Arthur Fisher

  Years, Long, Six

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