Home / Topics / Chance Quotes

Chance Quotes

Browse 7631 quotes about Chance.

Chance Quotes

“For more than twenty years he [Blanchard] toiled on through the most fatiguing paths of literary composition, mostly in periodicals, often anonymously; pleasing and lightly instructing thousands, but gaining none of the prizes, whether of weighty reputation or popular renown, which more fortunate chances, or more pretending modes of investing talent, have given in our day to men of half his merits.”

Men Years Given Chance Half Path Talent Twenties Investing Reputation Fortunate Merit Prize Pretending Composition Renown

Author:Samuel Laman Blanchard

“Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.”

Littles Able Found Individual Chance Evidence Mere Investing Expected Fund Random Chance

Author:Michael Jensen

“There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.”

Knows Games Chance Investing Agreement Researchers

Book:Thinking, Fast and Slow

Source: Thinking, Fast and Slow

“People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.”

People Ifs Wells Would Be Chance Results Amount Lucky Picks Understood Incredibles Investing Active Wide Managers Outcomes Distribution Skeptical Unlucky Portfolios

Author:Eugene Fama

“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.”

Past Chance Records Example Performances Investing Convinced Expected Superiors Managers Fund Mutual Consistently Worthless Predicting Future Success Mutual Fund Superior 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.”

Looks Long Ends Chance Results Periods Taxes Bases Investing Fund Fees Long Periods Of Time Index 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?”

Ifs Believe Doe Young Nations Chance Capable Percent Investing Average Decades Tiny Conclusion Minorities Fund Investors Pulling Pension Helen

Author:William J. Bernstein

“To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.”

Enjoy Sound Chance Results Streets Policy Wall Investing Average Reasonable Investors

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.”

Wealth Chance Pay Too Much Investment Investing Disappear Destroyed

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.”

May Doe Certain Individual Chance Loss Numbers Impossible Security Commitment Safety Investing Profit Work Out Favors Guarantees Investors Exceed Margins

Author:Benjamin Graham