"Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement."

--

Source : "Do You Want to Be Just Average?" by Larry Swedroe, www.cbsnews.com. June 9, 2010.

William Forsyth Sharpe

#Average Quotes #Analysis Quotes #Cost Quotes

“I was sad Jon Ronson, who wrote in the Guardian and has made a TV show for Channel 4, took against me.”
“Love is that condition in which the happiness of another person is essential to your own.”

Source : Robert A. Heinlein (1987). “Stranger in a Strange Land”, p.340, Penguin
“The trouble with paternalists is that they want to make impossibly profound changes, and they choose impossibly superficial means for doing so.”
“I'm not going to be the rock star of the far right and frankly on the rock star of the far left.”

Source : "Warner, Luger and McDonnell on "State of the Union"". "State of the Union" with Candy Crowley, www.realclearpolitics.com. June 3, 2012.
“It has often been said thereâ€™s so much to be read, you never can cram all those words in your head.”
“In France, if you talk to little boys, they know all of the NBA players and not one single Pro A player.”
“Trust that through the balm of simplicity your frazzled and weary soul can discover the place where you ought to be. Every day offers us simple gifts when we are willing to search our hearts for the place that's right for each of us.”
“The best way not to encounter Americas health care system is not to have to encounter it.”

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