Best Mutual Fund Quotes | Short & Famous Sayings

“The Analytical Engine might act upon other things besides number, were objects found whose mutual fundamental relations could be expressed by those of the abstract science of operations, and which should be also susceptible of adaptations to the action of the operating notation and mechanism of the engine… Supposing, for instance, that the fundamental relations of pitched sounds in the science of harmony and of musical composition were susceptible of such expression and adaptations, the engine might compose elaborate and scientific pieces of music of any degree of complexity or extent.”

Source: Crash Proof 2.0: How to Profit From the Economic Collapse

“Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.”

Age Cost Lows Machines Fund Mutual This Day Investors Retail Discounts Brokers Mutual Fund

Author:Joel Spolsky

“You don't date an annuity, you marry it. An annuity isn't a mutual fund that you buy today and sell tomorrow. Nor is it a certificate of deposit, ready for any new use at maturity. When you buy an annuity, you are making (or ought to be making) a 15- or 20-year commitment, at least.”

Years Use Today Money Ready Ought Tomorrow Commitment Sells Maturity Fund Mutual Deposits Certificates Mutual Fund

Book:Making the Most of Your Money Now: The Classic Bestseller Completely Revised for the New Economy

Source: Making the Most of Your Money Now: The Classic Bestseller Completely Revised for the New Economy

“Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.”

Known Enemy Worst Industry Mets Instinct Marketing Innocent Fund Mutual Investors Suicidal Indulge Worst Enemy Bystanders Carnage Weaponry Mutual Fund Colossus

Author:John C. Bogle

“The principal role of the mutual fund is to serve its investors.”

Roles Fund Mutual Investors Principal Mutual Fund

Author:John C. Bogle

“A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions.”

Ifs Can Do Decision Money Training Rational Sufficient Fund Mutual Plus Temperament Mutual Fund Rational Decisions

Book:The new money dynamics

Source: The new money dynamics

“Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.”

Brilliant Managers Fund Mutual Peter Exes Fidelity Mutual Fund

Author:Bill Gross

“Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.”

Failing Investment Financial Protection Bunch Fund Mutual Advisors Mutual Fund Financial Advisor

Author:Robert Kiyosaki

“At first, the only thing that I learned was to save. Then I learned about mutual fund, then later on direct stock investments. I also went into small businesses and even real estate.”

Firsts Real Direct Investment Fund Mutual Estates Small Business Mutual Fund

Author:Bo Sanchez

“Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.”

Return Surprise Investing Fund Mutual Investors Mutual Fund

Book:The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Source: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

“Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.”

Streets Wall Army Dollars Investing Fund Mutual Fraud Equity Analysts Adviser Brokers Mutual Fund Hedge Fund Private Equity

Author:Michael Lewis

“Most of the mutual fund investments I have are index funds, approximately 75%.”

Investment Investing Fund Mutual Mutual Fund Index Funds

Author:Charles R. Schwab

“Mutual fund manager performance does not persist and the return of stock picking is zero.”

Doe Return Performances Investing Managers Fund Mutual Zero Persist Mutual Fund

Book:The Four Pillars of Investing

Source: The Four Pillars of Investing

“Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market.”

“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

“In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results."”

Past Results Performances Investing Following Guarantees Fund Mutual Print Warning Advertisements Mutual Fund Folders

Author:Paul Samuelson

“Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.”

“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.”

“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.”

“Most active mutual funds are more interested in collecting fees than in boosting returns for investors.”

Return Investing Active Fund Mutual Investors Collecting Fees Mutual Fund

Author:David F. Swensen

“Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.”

Years Looks Has Beens Would Be Values Risk Ideals Investing Tolerance Newspapers Fund Mutual Investors Vans Rip Ups & Downs Naps Mutual Fund

Author:Richard Thaler

“There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.”

Feels Reason Responsibility Picks Shame Investing Reasonable No Reason Fund Mutual Hiring Trustworthy Fees Adviser Delegates Mutual Fund

Author:Benjamin Graham

“The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.”

Knows Should Years Ideas Done Investing Rings Managers Fifty Fund Mutual Investors Bells Timing Consistently Signals Credible Portfolios Mutual Fund Market Timing

Book:Common Sense on Mutual Funds

Source: Common Sense on Mutual Funds

“Bulls make money and bears make money, but pigs seldom do. When a stock or mutual fund is up 30%, sell one-quarter of your position.”

Position Bears Sells Making Money Fund Mutual Quarters Pigs Bulls Mutual Fund

Author:Nancy Dunnan

“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013”

Two Wealth Source Majors Percent Thirds Including Financial Fund Mutual Assets Household Pension Mutual Fund

Author:Janet Yellen

“Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds”

Sells Customers Horrible Firm Fund Mutual Mutual Fund

Author:Michael Steinhardt

“When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.”

Water Fund Mutual Orange Juice Gasoline Mutual Fund Orange Juice

Author:Robert Kiyosaki

“Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees.”

Helping Able Pay Company Lows Sells Credit Debt Cards Fund Mutual Retirement Cash Mortgage Credit Card Fees Brokers Mutual Fund Credit Card Debt

Author:Richard Thaler

“If mutual fund directors are independent, then I'm the lead character in the Bolshoi Ballet.”

Ifs Character Directors Independent Fund Mutual Ballet Mutual Fund Lead Characters

Author:Charlie Munger

“Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country.”

People Ifs Thinking Years Country Guy Values Poor Products Terrible Making Money Fund Mutual Disgusting Percentages General Public Brokers Mutual Fund

Author:Charlie Munger

“What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.”

People Universe Interesting Numbers Subjects Masters Quiet Billions Tyranny Managers Fund Mutual Very Interesting Mutual Fund

Author:Ron Chernow

“Index funds are the only rational alternative for almost all mutual fund investors.”

Investing Rational Alternatives Fund Mutual Investors Mutual Fund Index Funds

Author:Mark Hulbert

“A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.”

Study Research Performances Investing Financial Determined Corporations Fund Mutual Expenses Passive Ratios Mutual Fund

Author:Michael LeBoeuf

“Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a longer-term perspective. They tend to trade less. They tend to shift in and out of stocks or mutual funds less often.”

Men Term Records Perspective Trade Investing Track Fund Mutual Track Record Mutual Fund

Author:Sallie Krawcheck

“The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.”

Failing Truth Is Percent Scary Fund Mutual Mutual Fund

Author:Tony Robbins

“We need a federal government commission to study the way our financial services system is working - I believe it is working badly - and we also need more educated investors. There are good long term low-priced mutual funds - my favorite is a total stock market index fund - and bad short term highly priced mutual funds. If investors would get themselves educated, and invest in the former - taking their money out of the latter - we would see some automatic improvements in the system, and see them fairly quickly.”

Believe Long I Believe Term Study Financial My Favorite Improvement Educated Long Term Fund Mutual Investors Short Term Mutual Fund Good Long

Author:John C. Bogle

“I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles - pension beneficiaries and mutual fund shareholders - whom they are duty bound to serve.”

Believe I Believe Duty Management Fund Mutual Pension Mutual Fund

Author:John C. Bogle

“Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.”

Risk Share Capitalism Assuming Investment Bottom Leaving Fund Mutual Investors 20th Century Flawed Pension Food Chain Mutual Fund

Author:John C. Bogle

“Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad apples" that have been evident in our corporations, our investment bankers and our mutual funds, but so many that one has to concede that the barrel itself needs some work.”

Enough Problem Investment Fund Mutual Ethical Capitalist Mutual Fund Bad Apple

Author:John C. Bogle

“I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.”

Believe Reality Values I Believe Focus Illusion Ultimate Fund Mutual Shortcomings Mutual Fund Buffett Warren Buffet

Author:John C. Bogle

“Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.”

Focus Disappointment Fund Mutual Passive Mutual Fund

Author:John C. Bogle

“The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted them, which had much more substantial consequences in the form of excessive fees and the promotion - as the market moved into the stratosphere - of technology funds and new economy funds which were soon to collapse.”

Interest Technology Economy Consequence Moved Fund Mutual Trusted Promotion Mutual Fund

Author:John C. Bogle

“Move your personal investments and retirement funds to socially responsible investment (SRI) funds that support only those corporations that uphold higher standards of behavior. Returns on SRI funds are usually equal to, if not better than, many of the well-known traditional mutual funds.”

Ifs Wells Moving Known Support Return Higher Equal Behavior Standards Responsible Investment Traditional Corporations Fund Mutual Retirement Well Known Higher Standards Mutual Fund

Author:Simon Mainwaring

“I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy.”

Philosophy Simple Pay Company Security Fund Mutual Dividends Mutual Fund

Author:Kevin O'Leary

“To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.”

Sells Fund Mutual Mutual Fund

Author:Suze Orman

“And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.”

People Ifs Thinking Way Needs Kind Hands Jobs Creating Investing Fund Mutual More Money Loan Another Way Mutual Fund Creating Jobs

Author:Michael Bloomberg

“True love is unconditional. And if it is a 'Conditions Apply' scenari, then it isn't true love. It is as good as a mutual fund.”

Ifs Love Is Conditions Fund Mutual Unconditional True Love Is Mutual Fund

Author:Ravinder Singh

“There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.”

People Fashion Car Late Clothes Lifestyle Fund Mutual Trends Mutual Fund

Author:Jim Cramer

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