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  • I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

    Eugene Fama / Economist
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I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

⇛ Eugene Fama (Economist)
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My uncle ordered popovers from the restaurant's bill of fare. And, when they were served, he regarded them with a penetrating stare. Then he spoke great words of wisdom as he sat there on that chair: "To eat these things," said my uncle, "You must exercise great care. You may swallow down what's solid, but you must spit out the air!" And as you partake of the world's bill of fare, that's darned good advice to follow. Do a lot of spitting out the hot air. And be careful what you swallow.
Dr. Seuss Writer
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