"If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market."

--

Source : "The Inefficient Stock Market - What Pays Off And Why". Book by Robert Haugen, Chapter 6, Counterattack-The First Wave, p. 63, 1999.

Robert Haugen

#Average Quotes #Fund Quotes #Active Quotes

“When you have committed an action that you cannot bear to think about, that causes you to writhe in retrospect, do not seek to evade the memory: make yourself relive it, confront it repeatedly over and over, till finally, you will discover, through sheer repetition it loses its power to pain you. It works, I guarantee you, this sure-fire guilt-eradicator, like a homeopathic medicine - like in small doses applied to like. It works, but I am not sure that it is a good thing.”
“P.J. O'Rourke says that conservatives really hate government and every couple of years we put them in charge and then we're reminded how much we really hate government. We're not always necessarily great at the task of running government. We're the anti-government party. It actually makes some sense we're not so good at that. But you got to have basic competence in how you run the government, even in how you reduce its effectiveness in people's lives.”
“My longings are best met when, in prayer, I simply let my heart beat in time with the Lord's.”
“You should know me well enough by now to know I don't ask for things I don't think I can get.”
“If you choose to be Frankenstein with Botox and plastic surgery, you've bought your own private mask.”
“Looking back, I'm proud of what I've been able to do, grateful for the fact that I really have very few, if almost zero, nightmare stories of being on sets and working with the wrong people.”

Source : Source: www.empireonline.com
“This world is your best teacher. There is a lesson in everything. There is a lesson in each experience. Learn it and become wise. Every failure is a stepping stone to success. Every difficulty or disappointment is a trial of your faith. Every unpleasant incident or temptation is a test of your inner strength. Therefore nil desperandum. March forward hero!”
“I could sit there and eat pasta all day long and not worry about it when I was younger, and now I really have to focus on making sure I set a good example for my kids.”

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