“... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!” KindMeanMajorityInvestmentInvestingGuiltyManagersFundPassivePensionPortfoliosMalfeasance Author:Merton Miller
“I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.” SuccessfulInformationInvestingDevicesInvestorsPassiveFavourIncorporatingStock Price Author:Merton Miller
