Mutual Fund Quotes - Page 2

• I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.

  John C. Bogle

  Believe, Reality, Focus

  Source: www.washingtonpost.com

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• I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.

  Burton Malkiel

  Past, Example, Investing

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• Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market.

  Jonathan Clements

  Loyalty, Easter, Thinking

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• Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

  David F. Swensen

  Responsibility, Organization, Systematic

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• Where I'm from we don't trust paper. Wealth is what's here on the premises. If I open a cupboard and see, say, thirty cans of tomato sauce and a five-pound bag of rice, I get a little thrill of well-being - much more so than if I take a look at the quarterly dividend report from my mutual fund.

  Garrison Keillor

  Trust, Paper, Littles

  "The Times Book of Quotations". Book by HarperCollins, 2000.

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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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• Index funds are the only rational alternative for almost all mutual fund investors.

  Mark Hulbert

  Alternatives, Investing, Rational

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• Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

  Michael Steinhardt

  Horrible, Firm, Customers

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• The ability to create same day straight through processing of mutual fund trades is a matter of will.

  Kenneth C. Griffin

  Matter, Ability, Trade

  "Justice Delayed". FTSE Global Markets, May/June 2005.

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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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• When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.

  Robert Kiyosaki

  Orange Juice, Water, Gasoline

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• The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted them, which had much more substantial consequences in the form of excessive fees and the promotion - as the market moved into the stratosphere - of technology funds and new economy funds which were soon to collapse.

  John C. Bogle

  Technology, Promotion, Economy

  Source: www.washingtonpost.com

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• I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.

  Ron Chernow

  Thinking, Safety, Thailand

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• In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

  Peter Lynch

  Running, Long, Investing

  Peter Lynch (2012). “Beating the Street”, p.307, Simon and Schuster

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• The Analytical Engine might act upon other things besides number, were objects found whose mutual fundamental relations could be expressed by those of the abstract science of operations, and which should be also susceptible of adaptations to the action of the operating notation and mechanism of the engine… Supposing, for instance, that the fundamental relations of pitched sounds in the science of harmony and of musical composition were susceptible of such expression and adaptations, the engine might compose elaborate and scientific pieces of music of any degree of complexity or extent.

  Ada Lovelace

  Expression, Numbers, Musical

  "Sketch of the Analytical Engine Invented by Charles Babbage". Book by L.F. Menabrea. Scientific Memoirs (Richard Taylor): 694, 1842.

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• Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror.

  Frank Gaffney

  Portfolios, Significant, Partners

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• Move your personal investments and retirement funds to socially responsible investment (SRI) funds that support only those corporations that uphold higher standards of behavior. Returns on SRI funds are usually equal to, if not better than, many of the well-known traditional mutual funds.

  Simon Mainwaring

  Retirement, Moving, Support

  "10 Actions Consumers Can Take to Reinvent Capitalism" by Simon Mainwaring, www.huffingtonpost.com. June 7, 2011.

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• Mutual funds are an overrated investment heavily promoted by Wall Street.

  Peter Schiff

  Wall, Investment, Streets

  Peter D. Schiff (2011). “Crash Proof 2.0: How to Profit From the Economic Collapse”, p.135, John Wiley & Sons

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• It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

  Jim Cramer

  Running, Guy, Totems

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• I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons.

  Ron Chernow

  Moving, Thinking, Phones

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• The corporate killer downsizing is directly responsive to what the mutual funds have wanted.

  Jim Cramer

  Killers, Economy, Wanted

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• Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.

  Ron Chernow

  Successful, Past, Circles

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• And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.

  Michael Bloomberg

  Jobs, Thinking, Hands

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• Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees.

  Richard Thaler

  Retirement, Credit, Debt

  Source: bigthink.com

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• If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

  Peter Lynch

  Cds, Investing, Today

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