“Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it's pure folly. Buy a lottery ticket instead. Your chance of winning is likely to be higher.” RunningYoungWinningIndividualLosesChanceCompanyHigherPureToughSeekingWinnerFollyFundInvestorsSophisticatedTicketsVentureLotteryLottery Ticket Author:Steven Rattner
“I do believe if one keeps busy it's very good for a person. In fact, people are always rushing into retirement and we read in Europe that people there are talking about their retirement age and moving it to 67 or something. Well, back when they started retirement funds and everything, the average age was 70 or 60, and then all of a sudden now it's 80, and so. [...] And so you keep in shape, you keep yourself mentally in shape. And if you keep yourself mentally in shape, chances are physically it will follow suit.” PeopleIfsBelieveWellsPersonsFactsAgeMovingChanceTalkingShapesEuropeBusyVery GoodAverageSuitsFundRetirementChances AreRushingBack WhenRetirement AgeKeep Busy Author:Clint Eastwood
“Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.” LittlesAbleFoundIndividualChanceEvidenceMereInvestingExpectedFundRandom Chance Author:Michael Jensen
“I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.” PastChanceRecordsExamplePerformancesInvestingConvincedExpectedSuperiorsManagersFundMutualConsistentlyWorthlessPredictingFuture SuccessMutual FundSuperior Performance Author:Burton Malkiel
“When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.” LooksLongEndsChanceResultsPeriodsTaxesBasesInvestingFundFeesLong Periods Of TimeIndex Funds Author:David F. Swensen
“A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minority, at most one percent, are capable of pulling it off. Heck, if Helen Young Hayes, Robert Sanborn, Julian Robertson, and the nation's largest pension funds can't get it right, what chance does John Q. Investor have?” IfsBelieveDoeYoungNationsChanceCapablePercentInvestingAverageDecadesTinyConclusionMinoritiesFundInvestorsPullingPensionHelen Author:William J. Bernstein