"Mutual fund manager performance does not persist and the return of stock picking is zero."

--

Source : William J. Bernstein (2002). “The Four Pillars of Investing”, McGraw Hill Professional

William J. Bernstein

#Zero Quotes #Investing Quotes #Return Quotes

“But I believe that there are marriages where you can have your pool table and she can have her scrapbooking room or garden or whatever it is. But when everyone has what they want, it's not funny. There's no conflict.”
“I like out, I like the outside world.”
“Ideological differences are no excuse for rudeness.”

Source : Judith Martin (1982). “Miss Manners' Guide to Excruciatingly Correct Behavior”, Scribner
“I'm not really an actress.”
“I will find out what the normal life is like. I will be a coach. I have achieved everything I could achieve in gymnastics.”
“The idea of the industrial fishing affects everyone. Those factory ships play this game of hit and run with the international fishing limits, and somebody said it's like hunting squirrels with a bulldozer. They pull everything in and they are only looking for certain types of fish and everything else dies and they just throw it back. It's like chumming.”
“People talk about nature as a mother, but to me she's always been Medea, ready and willing to slaughter her children.”

Source : Rachel Caine (2011). “Ill Wind”, p.24, Allison & Busby
“Airports - they're not my idea of fun at all. Some of the staff are lovely, but you do always get one or two that seem to forget that it's actually costing you a lot of money to be there and be insulted by their surliness. Times have obviously changed and we need to get used to being more strictly vetted, but they could be more pleasant about it. A smile wouldn't go amiss.”

Source : Source: www.telegraph.co.uk

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