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Quote by David F. Swensen

“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.”

Quote by David F. Swensen

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David F. Swensen
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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