Mutual 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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• 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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• 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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• 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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• In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results."

  Paul Samuelson

  Past, Guarantees, Investing

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• Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.

  David F. Swensen

  Sleep, Night, Promise

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• The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.

  John C. Bogle

  Years, Two, People

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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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• Most active mutual funds are more interested in collecting fees than in boosting returns for investors.

  David F. Swensen

  Investing, Return, Mutual Fund

  "Yale’s Swensen Says Index Funds Best Plan for Most Investors" by Kelly Bit, www.bloomberg.com. January 31, 2012.

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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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• 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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• What more degrades woman today than that she so often seeks marriage as a support? Why is the holy sacrament of love, the sanctity of the family state, so often prostituted and destroyed, but because marriage is entered upon as a necessity or a convenience? And what can so place marriage on its only true basis of mutual love, mutual fitness, mutual esteem, as for woman to make herself independent of it as a mere means of subsistence?

  Mary C. Ames

  Marriage, Mean, Independent

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• Although I don't know Paul McCartney, a mutual friend told me that Paul was reading my book, This Is Your Brain on Music, and stopped after chapter two. McCartney said he was concerned that if he learned more about how he does what he does (as far as composing music), he may not be able to do it anymore!

  Daniel Levitin

  Book, Reading, Two

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• I'll suffer no daughter of mine to play the fool with her heart, indeed! She shall marry for the purpose for which matrimony was ordained amongst people of birth--that is, for the aggrandisement of her family, the extending of their political influence--for becoming, in short, the depository of their mutual interest. These are the only purposes for which persons of rank ever think of marriage.

  Susan Edmonstone Ferrier

  Daughter, Heart, Thinking

  Susan Edmonstone Ferrier (1881). “Marriage [by S.E. Ferrier]. Edinb. ed”

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• Mutual content is like a river, which must have its banks on either side.

  Alain-Rene Lesage

  Rivers, Contentment, Sides

  Alain-Rene Lesage (2011). “The Adventures of Gil Blas of Santillane”, p.983, The Floating Press

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• The twentieth century had dispensed with the formal declaration of war and introduced the fifth column, sabotage, cold war, and war by proxy, but that was only the begining. Summit meetings for disarmament pursued mutual understanding and a balance of power but were also held to learn the strengths and weaknesses of the enemy. The world of the war-or-peace alternative became a world in which war was peace and peace war.

  Stanislaw Lem

  War, Understanding, Enemy

  Stanislaw Lem (2002). “Peace on Earth”, p.59, HMH

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• Nothing can be more delicate without being fantastical, nothing more firm and based in nature and sentiment, than the courtship and mutual carriage of the sexes.

  Ralph Waldo Emerson

  Sex, Carriages, Courtship

  Ralph Waldo Emerson (1981). “The Portable Emerson: New Edition”, p.317, Penguin

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• There is no more delightful hour in life than that of an unconfessed but mutual love.

  Eliza Lynn Linton

  Love, Hours, Delightful

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• I've always seen the Olympics as a place where you could act out your differences on the athletic field with a sense of sportsmanship and fairness and mutual respect.

  Andrew Young

  Differences, Athletic, Sportsmanship

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• All at once we were madly, clumsily, shamelessly, agonizingly in love with each other; hopelessly, I should add, because that frenzy of mutual possession might have been assuaged only by our actually imbibing and assimilating every particle of each other's soul and flesh; but there we were, unable even to mate as slum children would have so easily found an opportunity to do so.

  Vladimir Nabokov

  Children, Opportunity, Soul

  Vladimir Nabokov (2010). “Lolita”, p.12, Vintage

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• What I want is to be needed. What I need is to be indispensable to somebody. Who I need is somebody that will eat up all my free time, my ego, my attention. Somebody addicted to me. A mutual addiction.

  Chuck Palahniuk

  Love, Dream, I Hate You

  "Choke". Book by Chuck Palahniuk, 2001.

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• They parted at last with mutual civility, and possibly a mutual desire of never meeting again.

  Jane Austen

  Saying Goodbye, Desire, Lasts

  Blaine Josten, Jane Austen (2015). “Blaine Josten's Jane Austen's Pride and Prejudice (Annotated)”, p.151, BookBaby

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• Friendship, then, like the other natural loves, is unable to save itself. In reality, because it is spiritual and therefore faces a subtler enemy, it must, even more wholeheartedly than they, invoke the divine protection if it hopes to remain sweet. For consider how narrow its true path is. Is must not become what the people call a "mutual admiration society"; yet if it is not full of mutual admiration, of Appreciative love, it is not Friendship at all.

  C. S. Lewis

  Spiritual, Sweet, Reality

  C. S. Lewis (1971). “The Four Loves”, p.100, Houghton Mifflin Harcourt

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• Love is a daily, mutual exchange of value.

  Denis Waitley

  Love, Motivational, Values

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