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“There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.”

“The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.”

“Metallica lives in a little bubble. We just do our own thing. We're not part of any trends or waves or fads. We can just do our own thing, all the time. It's a great luxury. I don't think we were really appreciative of it until recently, and really understood that it is what keeps us alive. It's great to be able to have the freedom to run around and do all this crazy stuff, and at all cost, avoid making another record, just to piss our managers off.”

“I think 'Elbow' were considered successful even before [2008's] Seldom Seen Kid because we were living off the band. We have a great manager who keeps our coffers topped off, and we give ourselves a sensible wage with a view to having three fallow years between records. We always make sure we have enough money to make a record and not be pressured time-wise.”