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Quote by Steve Harvey

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Steve Harvey
Steve Harvey

Steve Harvey, born on January 17, 1957, is an American actor, comedian, writer, and television personality. He is best known for his role on the television show 'Family Feud' and for hosting popular shows such as 'American Idol' and 'The Steve Harvey Show'. more

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“Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.”

“While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.”