Quotes of All Topics . Occasions . Authors
I seek the truth.
Glen Weyl is a good friend of mine.
I don't see any magic in hedge funds.
If we wanted something, we had to earn it.
Time is your friend; impulse is your enemy.
I love the English language. Words have power.
Eliminate emotion from your investment program.
Successful investing is all about common sense.
Managed funds are astonishingly tax-inefficient.
The index fund always gives you the market return.
U.S. companies are innovative and entrepreneurial.
Never underrate the importance of asset allocation.
I will create value for society, rather than extract it.
On balance, the financial system subracts value from society
Mutual funds with superior performance records often falter.
Investing is a virtuous habit best started as early as possible.
Reversion to the mean is the iron rule of the financial markets.
The principal role of the mutual fund is to serve its investors.
In my long experience, one thing I know is that truth is elusive.
Don't look for the needle in the haystack. Just buy the haystack!
Don't look for the needle in the haystack. Just buy the haystack.
My only regret about money is that I don't have more to give away.
The mutual fund industry has been built, in a sense, on witchcraft.
The stock market is a giant distraction to the business of investing.
If the data do not prove that indexing wins, well, the data are wrong.
The stock market is a giant distraction from the business of investing.
I believe - deeply and profoundly - that speculation is a loser's game.
Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.
Every winter my wife and I take a week off and go to a resort in Florida.
When you're young, you've got plenty of time to recover from your mistakes.
I had done some work on index funds in my senior thesis at Princeton in 1951.
Learn every day, but especially from the experiences of others. It's cheaper!
The average hedge fund manager is going to earn zero per cent in extra return.
I don't like going into stores, I don't like the whole process of buying things.
If your fund doesn't last for the long term, how can you invest for the long term?
My father's money vanished in the Great Depression, and he had trouble keeping a job.
There is almost no limit to the ability of investors to ignore the lessons of the past.
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
I think it's gone much too far. Most of them are not worth the powder to blow them to hell.
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
If it is hard to imagine that 20% of losses on the stock market, you should never participate
I've usually used the phrase 'stay the course' as one of the great rules of investment success.
Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.
Being an entrepreneur is not for the faint of heart. It is a high-risk, high-reward proposition.
Fund investors are confident that they can easily select superior fund managers. They are wrong.
We do some things for family reasons. If it's not consistent, well, life isn't always consistent.
A fiduciary standard means, basically, put the interests of the client first. No excuses. Period.
I learned you work for what you get, and I feel sorry for people who haven't had that upbringing.
Invest as efficiently as you can, using low-cost funds that can be bought and held for a lifetime.
Hint: money flows into most funds after good performance, and goes out when bad performance follows.