“Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.” WholeAchieveReturnAmountCostManagementRateInvestingAverageActiveManagersFundExpensesGrossPercentagesDisadvantagesTransactionsIndex FundsActive Management Author:Burton Malkiel
“I believe that for the most part, achieving success - whatever that is for you - is mostly a matter of personal choice and that, initially, making the right choices can be difficult.” LifeBelieveMatterChoicesI BelieveDifficultGrowthAchievePersonal GrowthInvestingRight ChoicesAchieving SuccessPersonal Choice Author:Ray Dalio
“I believe that our society's "mistake-phobia" is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested and those who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning.” KnowsLifeBelieveRealFactsProblemSchoolFormI BelieveGoalGrowthMistakeAchieveFiguresTaughtSmartPersonal GrowthInvestingCriticalMaking MistakesOur SocietyFedsEmbarrassingTestedLearning From MistakesEducation SystemElementary SchoolPhobia Author:Ray Dalio
“Principles are concepts that can be applied over and over again in similar circumstances as distinct from narrow answers to specific questions. Every game has principles that successful players master to achieve winning results. So does life. Principles are ways of successfully dealing with the laws of nature or the laws of life. Those who understand more of them and understand them well know how to interact with the world more effectively than those who know fewer of them or know them less well.” KnowsWorldWayLifeWellsDoeLawGamesWinningGrowthAnswersResultsPrinciplesKnow HowSuccessfulPlayerAchieveMastersCircumstancesConceptsPersonal GrowthInvestingFewerLaws Of NatureLaws Of Life Author:Ray Dalio
“My mother enjoyed few things more than investing in the underdogs and showing them that they were special and could achieve their dreams.” DreamMotherAchieveSpecialInvestingEnjoyedUnderdog Author:Geoffrey S. Fletcher
“Investing in women, helping women to achieve their dreams, sending young girls to college. Trying to train young girls to be leaders. Sponsoring the Minerva Awards. All of these programs didn't exist before that help women day in and day out.” TryingHelpingDreamYoungGirlLeaderAchieveCollegeProgramTrainInvestingAwardsWomens DayMinerva Author:Maria Shriver
“By focusing on teaching businesses about the ROI they can achieve by preserving and investing in nature, you're expanding the scope of the impact you can have.” TeachingAchieveImpactInvestingExpandingScopeRoi Author:Ramez Naam