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William J. Bernstein Quotes: Mutual fund manager performance does not persist and the return of stock picking is zero.
         

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


William J. Bernstein
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Other quotes of William J. Bernstein


For the taxable investor, indexing means never having to say you're sorry.

For the taxable investor, indexing means never having to say you're sorry.



Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.



The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.



The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.



There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.



99% of fund managers demonstrate no evidence of skill whatsoever.

99% of fund managers demonstrate no evidence of skill whatsoever.



You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.



If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.



Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.



All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.





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War makes animals of men, and we can't let that happen to us. If we do, we won't have any chance of survival.

War makes animals of men, and we can't let that happen to us. If we do, we won't have any chance of survival.



I don't think most books can be justifiably translated on screen. The film versions can't convey the right emotion, fuel your imagination or allow you to visualise every line the way books do.

I don't think most books can be justifiably translated on screen. The film versions can't convey the right emotion, fuel your imagination or allow you to visualise every line the way books do.



Fleetwood Mac are more like a folk-rock band.

Fleetwood Mac are more like a folk-rock band.



I have figured out it's not what you do on the field, it's how many games you play in.

I have figured out it's not what you do on the field, it's how many games you play in.



When I saw Rijkaard entering the referee's dressing room I couldn't believe it. When Didier Drogba was sent off, I wasn't surprised.

When I saw Rijkaard entering the referee's dressing room I couldn't believe it. When Didier Drogba was sent off, I wasn't surprised.



I moved to L.A. and really didn't dig living there until I found places like Koreatown and Little Tokyo. I really like hanging out in the grocery stores and restaurants.

I moved to L.A. and really didn't dig living there until I found places like Koreatown and Little Tokyo. I really like hanging out in the grocery stores and restaurants.



I was famous from birth.

I was famous from birth.



My mind is my own church.

My mind is my own church.




Quote Description


This page presents the quote "Mutual fund manager performance does not persist and the return of stock picking is zero.". Author of this quote is William J. Bernstein. This quote is about mutual fund, persist, return, doe, zero,.