"Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages."

-- Burton Malkiel

#Average Quotes #Cost Quotes #Investing Quotes

“I'm hands-on with everything, always trying to reach the real people.”
“It’s so dangerous to idealize anything, or anyone, or any place, because it gives that thing or person or place a kind of permission to not have to change, and not have to evolve. It encourages us to bury our heads in the sand, or in values that are really morally neutral but that we pretend are moral goods: tradition, community and family for example.”
“We say that anytime budgets are balanced and an ample savings account has been set aside, government should just stop collecting taxes. Better to leave that money in the pockets of those who earned it, than to let it burn a hole, as it always does, in the pockets of government”
“A weekday edition of The New York Times contains more information than the average person was likely to come across in a lifetime in seventeenth-century England”
“Self-taught poverty is a help toward philosophy , for the things which philosophy attempts to teach by reasoning , poverty forces us to practice .”

Source : "Anthology (Book 4)". Book by Joannes Stobaeus, 1536.
“Become willing to see the hand of God and accept it as a friend's offer to help you with what you are doing.”
“I like in books when we start the book and you really don't know how it's going to turn out.”
“No more winter at all. Finch, you brought me spring.”

Source : Jennifer Niven (2015). “All the Bright Places”, p.214, Knopf Books for Young Readers

You may also like:

Benjamin Graham
Investor
Eugene Fama
Economist
John C. Bogle
Investor
Peter L. Bernstein
Economist
Peter Lynch
Businessman
Robert D. Arnott
Writer
Robert J. Shiller
Economist
William J. Bernstein
Jeremy Siegel
Professor