“Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.” IndividualResponsibilityIndustryLowsOrganizationManagementInvestmentInvestingProfitDrivenEnormousManagersFundMutualInvestorsProvidingExploitationShockingSystematicFeesTollsColossalDisserviceMutual FundTurnoverIndex FundsFiduciaryInvestment Management Author:David F. Swensen
“Most active mutual funds are more interested in collecting fees than in boosting returns for investors.” ReturnInvestingActiveFundMutualInvestorsCollectingFeesMutual Fund Author:David F. Swensen
“When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.” LooksLongEndsChanceResultsPeriodsTaxesBasesInvestingFundFeesLong Periods Of TimeIndex Funds Author:David F. Swensen
