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Quote by Patrick Geddes

“Indexing is a successful approach to investing not because it's simple, but because it has performed so much better than the average active manager (the opposite of indexing), and the simplicity is just an added bonus.”

Quote by Patrick Geddes

Author

Patrick Geddes
Patrick Geddes

Patrick Geddes was a Scottish planner, biologist, and educator renowned for his comprehensive approach to urban planning and profound insights into urban development. His work emphasized the harmonious coexistence of cities with their natural environments and the impact of urban design on human well-being. more

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“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.”