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Quote by David F. Swensen

“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.”

Quote by David F. Swensen

Author

David F. Swensen

David F. Swensen is an influential expert in the field of investment, born in 1954. His career has been dedicated to investment management and education, with a deep understanding and unique insights into global financial markets. more

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