Fund Quotes - Page 39

• Most of the mutual fund investments I have are index funds, approximately 75%.

  Charles R. Schwab

  Investing, Mutual Fund, Investment

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• ... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!

  Merton Miller

  Mean, Majority, Investing

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• Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not science. And once Wharton School dissertations seek to quantify the performers, these have a tendency to evaporate into the air - or, at least, into statistically insignificant t-statistics.

  Paul Samuelson

  School, Men, Air

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• Mutual fund manager performance does not persist and the return of stock picking is zero.

  William J. Bernstein

  Zero, Return, Doe

  William J. Bernstein (2002). “The Four Pillars of Investing”, McGraw Hill Professional

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• It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.

  William J. Bernstein

  Running, Eggs, Risk

  William J. Bernstein (2002). “The Four Pillars of Investing”, McGraw Hill Professional

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• Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

  John C. Bogle

  Risk, Investing, Individual

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• I'm post-cynical on this stuff. I look at the El Salvador model as the glory days: Why don't we just fund the death squads secretly and keep our boys at home? That where I almost am at this point. Clearly the American military has been a force for good for the United States. There's a reason we have a standing military. But there's something to be said for having a much smaller military because then we wouldn't be tempted to get involved in things we shouldn't be getting involved in.

  Michael Hastings

  Military, Home, Boys

  Source: www.guernicamag.com

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• The political movement funds these people with donations if they produce the right outcome in their research. So that tends to dictate what kind of research you're gonna get in your lifestyle, if your living depends on it. But there's no question that they have, in this movement, converted a bunch of just everyday, ordinary meteorologists into huge proselytizers for it. Ordinary everyday local news-weather guy has become one of the biggest proponents - whatever market you go to - of global warming.

  Rush Limbaugh

  People, Guy, Political

  Source: www.rushlimbaugh.com

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• In fact, Native American Rights Fund has a project called the Supreme Court Project. And quite frankly, it's focused on trying to keep cases out of the Supreme Court. This Supreme Court, Justice Roberts is actually, hard to believe, was probably worse than the Rehnquist Court. If you look at the few decisions that it's issued.

  Robert A. Williams, Jr.

  Believe, Native American, Justice

  "American Indians Confront 'Savage Anxieties'". "Moyers & Company" with Bill Moyers, billmoyers.com. December 26, 2014.

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• One question I often ask is why the church doesn't set aside funds specifically to seed new ideas. A lot of our money tends to go into existing, literally physical buildings, or existing parishes, programs, and schools, and we have nothing that is very explicitly dedicated toward new ventures of all kinds that would help parishes, help education, help catechesis.

  Chris Lowney

  School, Church, Helping

  Source: www.commonwealmagazine.org

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• The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will cut wages and wiping out pension funds so as to pay banks and bondholders.

  Michael Hudson

  Cutting, Assuming, Economy

  Source: www.counterpunch.org

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• Congress has created and funded a huge peacetime military that has substantial abilities to wage offensive operations, and it has not placed restrictions on the use of that military or the funds to support it, because it would rather let the president take the political risks in deciding on war. If Congress wanted to play a role in restricting war, it could - it simply does not want to. But we should not mistake a failure of political will for a violation of the Constitution.

  John Yoo

  War, Mistake, Military

  Source: www.guernicamag.com

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• Congress has all sorts of rules, hedge fund managers, private equity managers, executives, movie stars, fall into that allow them to escape or defer into the future not paying their taxes. And if you can defer your tax into the future, it's the best deal in the world, because you don't just get to eat your cake and have it too. You get to eat your cake and have a bigger cake.

  Hillary Clinton

  Fall, World, Taxes

  Source: www.pbs.org

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• The president-elect Donald Trump moved a bit closer to getting his Cabinet in place with another round of confirmation hearings. The most contentious was for his treasury secretary pick, Steven Mnuchin, a billionaire banker who worked at Goldman Sachs and owned a hedge fund. There was important news that came out during the hearing. Mnuchin said that he would support raising the debt ceiling sooner rather than later, and not risk the country defaulting.

  Judy Woodruff

  Country, Support, Risk

  Source: www.pbs.org

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• The Chinese get over 40 percent of their oil from the Middle East through the Persian Gulf, but have you ever seen a Chinese aircraft carrier sitting inside the Persian Gulf? For at least 40 years, the United States of America has been guaranteeing Chinese energy supplies. Sitting here today, the US provides funds to, honest to God, 99 percent of the countries on the planet. We even give North Korea humanitarian aid. We give them food, and God knows what they do with it. They probably feed it to the crooks in the headquarters.

  Michael T. Flynn

  Country, Giving, Chinese

  Source: www.spiegel.de

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• I thought you liberals cared about people, but here you're perfectly content to get them addicted to tobacco and make them pay taxes through the nose and continue to pay taxes through the nose and raise their taxes. And then you try to make 'em think you care about 'em by running PSAs telling them how they shouldn't smoke and how they should quit. You're exactly right. If they really cared, they would ban the product, but they can't, because the revenue from tobacco taxes - I'm not kidding you - funds children's health care programs, and a number of other things as well.

  Rush Limbaugh

  Running, Thinking, People

  Source: www.rushlimbaugh.com

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• State has the primary responsibility but the citizen has to spend his or her funds. This is part of neo-liberalism.

  Andre Vltchek

  Responsibility

  Source: www.counterpunch.org

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• After 9/11, the American Red Cross received more than half a billion dollars in donations to help the victims of the terrorist attacks. The families of the victims were already well-provided for by various government funds, so Red Cross simply drew a line across lower Manhattan and offered everyone there financial assistance, whether they needed it or not.

  Peter Singer

  Helping, Financial, Donation

  Source: www.psychologytoday.com

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• I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

  Martin Gilbert

  Dream, Thinking, World

  Source: www.businessinsider.com

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• So get this. On 9/11, Hillary Clinton and Donald Trump's hometown was attacked by the worst terrorist attack in the history of the United States. Young men and women - young men and women signed up to serve in the military to fight terrorism. Hillary Clinton went to Washington to get funds to rebuild her city and protect first responders, but Donald Trump was fighting a very different fight. It was a fight to avoid paying taxes so that he wouldn't support the fight against terror.

  Tim Kaine

  Military, Fighting, Men

  "Transcript: VP debate at Longwood University". www.cbsnews.com. October 5, 2016.

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• Are you going to divest in the banks and pension funds? Plenty of people are willing to invest in stock of those companies. You can argue that when a lot of people divest, it makes the stock price artificially low, which makes their price-to-earnings ratio more favorable, which makes it a better investment for the people who don't give a damn - - and is it really going to change corporate behavior? It begins to create a climate of antagonistic opinion, the result might be that the corporate executives will retreat even more into their own selfjustifying narratives.

  Charles Eisenstein

  People, Giving, Opinion

  Source: www.mindfulnessbell.org

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• The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?

  Rand Paul

  Thinking, Car, Giving

  Source: www.pbs.org

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• The money in the stabilization fund, $130 billion which I call an insurance bailout, is put in to try to cure the adverse selection that Obamacare created by making insurance too expensive. Healthy people didn't buy it. They tried to fix this by forcing young people to buy it through an individual mandate. Even that didn't work. So the way the Republicans fix it is they don't actually fix it. They subsidize it. So we have to fix what went wrong with Obamacare, not just recapitulate something that's broken.

  Rand Paul

  Broken, People, Healthy

  Source: www.pbs.org

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• In a changing world, some jobs disappear and new ones are created. That's how it has been for hundreds of years. When jobs disappear, the vast majority is not because of global trade, but because of technical advances, robotization and so on. So, we - and in particular, EU member states - have to invest more in training and education so that people will have new opportunities if their jobs are cut. The EU can also better utilize its investment and social funds to protect its citizens from swift changes.

  Cecilia Malmstrom

  Cutting, Opportunity, People

  Source: www.spiegel.de

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• We are going to rebuild our infrastructure. I would say at least double her numbers and - and you`re gonna really need more than that. We have bridges that are falling down. People,investors, people would put money into the fund. The citizens would put money into the fund, and we will rebuild our infrastructure with that fund.

  Donald Trump

  Fall, People, Investors

  Source: www.msnbc.com

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