“Most active mutual funds are more interested in collecting fees than in boosting returns for investors.” ReturnInvestingActiveFundMutualInvestorsCollectingFeesMutual Fund Author:David F. Swensen
“Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.” ThinkingEyeAcceptanceDemandBehaviorCreatingIndependentManagementInstitutionsStrategyInvestmentInvestingActiveParadoxConventionalMaintainingProfilePortfoliosConventional WisdomUnconventionalIndependent ThinkingActive Management Book:Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated Source: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated
