Active Management Quotes

Commodities tend to zig when the equity markets zag.

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

Most investors would be better off in an index fund.

Active management is little more than a gigantic con game.

Index investing outperforms active management year after year.

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.

... the best way to own common stocks is through an index fund.

Everybody has a different strategy, but everybody agrees that active management does not beat the market.

It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to grow wealth." And he said that those who still insist on an actively managed fund are almost certainly "deluding themselves.