Fund Quotes - Page 38

• In addition, the oil royalties the Federal Government does not collect from big oil will starve the Land and Water Conservation Fund of critical financial resources.

  Ron Kind

  Government, Land, Oil

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• The philosophy to 'buy and hold' is a philosophy that I use to manage funds.

  Michael Lee-Chin

  Philosophy, Use, Manage

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• I'm making a case against how money managers are handling customers' money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created.

  Michael Lee-Chin

  Way, Being Me, Wealth

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• On behalf of my native Japan, I am grateful to the culinary community and hospitality industry for working together to raise much-needed funds to aid the tsunami and earthquake victims.

  Masaharu Morimoto

  Grateful, Japan, Earthquakes

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• Science is a capital or fund perpetually reinvested; it accumulates, rolls up, is carried forward by every new man. Every man of science has all the science before him to go upon, to set himself up in business with. What an enormous sum Darwin availed himself of and reinvested! Not so in literature; to every poet, to every artist, it is still the first day of creation, so far as the essentials of his task are concerned. Literature is not so much a fund to be reinvested as it is a crop to be ever new-grown.

  John Burroughs

  Art, Science, Men

  John Burroughs (1905). “The Writings of John Burroughs”

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• In our day, you can mock religion in public and even get funds for doing it. But you can't show respect for religion in public - or you risk being hauled into court.

  Charles Colson

  Christian, Religious, Risk

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• Whatever else the religious Right may be, it is a bonanza for its opponents... Reports of the great terror that is upon us are raising millions of dollars in fund appeals by Planned Parenthood, the American Civil Liberties Union, the National Organization for Women, Norman Lear's People for the American Way, and others who claim to believe that the religious Right is the greatest peril to American democracy since Joe McCarthy.

  Richard John Neuhaus

  Christian, Religious, Believe

  Richard John Neuhaus, Michael Cromartie, Ethics and Public Policy Center (Washington, D.C.) (1987). “Piety and politics: evangelicals and fundamentalists confront the world”, Ethics & Public Policy Center

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• School success is not predicted by a child's fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.

  Daniel Goleman

  Teacher, Children, School

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• Tactics and strategies ought to be based on what the real world is, and we do not have the political power to do this. We're not about to shut the government down over the fact that we cannot, only controlling one house of Congress, tell the president that we're not going to fund any portion of [Obamacare]. Because we can't do that.

  Tom Coburn

  Leadership, Money, Real

  "Tom Coburn Says Republicans Pushing To Defund Obamacare Are Not Based In The ‘Real World’". www.huffingtonpost.com. September 22, 2013.

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• I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.

  Charlie Munger

  Party, Thinking, Ideas

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• I do believe if one keeps busy it's very good for a person. In fact, people are always rushing into retirement and we read in Europe that people there are talking about their retirement age and moving it to 67 or something. Well, back when they started retirement funds and everything, the average age was 70 or 60, and then all of a sudden now it's 80, and so. [...] And so you keep in shape, you keep yourself mentally in shape. And if you keep yourself mentally in shape, chances are physically it will follow suit.

  Clint Eastwood

  Retirement, Moving, Believe

  "Clint Eastwood, Leonardo DiCaprio Interview, J Edgar". www.moviesonline.ca.

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• Fundraising is also always a call conversion. And this comes to both those who seek funds and those who have funds. Whether we are asking for money or giving money we are drawn together by God, who is about to do a new thing through our collaboration.

  Henri

  Giving Money, Fundraising, Having Fun

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• It was reported today that former Governor Howard Dean raised $14 million dollars in campaign funds mostly over the Internet. Of course, Dean's success could be contributed to his Web site: www.wetboobies.

  Conan O'Brien

  Dollars, Campaigns, Today

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• U.S. Government has said they are now going to go after the terrorist's electronic banking system. You know what they should do? They should transfer bin Laden's funds to my bank. They'd mess up his deposits, screw up his statement and nickel and dime him to death with service charges.

  Jay Leno

  Government, Screw Ups, Dimes

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• It's sad that the U.S. government doesn't fund risky research anymore.

  Peter Diamandis

  Government, Research

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• The deeper one delves, the worse things look for actively managed funds.

  William J. Bernstein

  Looks, Investing, Deeper

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• Hint: money flows into most funds after good performance, and goes out when bad performance follows.

  John C. Bogle

  Hints, Investing, Flow

  John C. Bogle (2012). “The John C. Bogle Reader”, p.1137, John Wiley & Sons

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• Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.

  John C. Bogle

  Investing, Return, Surprise

  John C. Bogle (2010). “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”, p.48, John Wiley & Sons

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• The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.

  Warren Buffett

  Views, People, Relax

  "CNBC Exclusive: Liz Claman Interviews Warren Buffett, Berkshire Hathaway Chairman & CEO, Live at the Company's Annual Shareholder's Meeting in Omaha, Nebraska on "Squawk on the Street"". "Squawk On The Street" with Liz Claman, www.cnbc.com. May 7, 2007.

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• I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

  Eugene Fama

  Thinking, Advice, Would Be

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• Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

  Michael Lewis

  Wall, Army, Dollars

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• The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund.

  Peter Lynch

  Years, Would Be, Deterioration

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• Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.

  Burton Malkiel

  Average, Cost, Investing

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• Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidence, these folks aren't about to give up on actively managed funds themselves. A tad delusional? I think so. Picking the best-performing funds is 'like trying to predict the dice before you roll them down the craps table,' says an investment adviser in Boca Raton, FL. 'I can't do it. The public can't do it.'

  Paul Samuelson

  Giving Up, Self Confidence, Thinking

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• Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.

  Paul Samuelson

  Fans, Investing, Want

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