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William J. Bernstein Quotes: The deeper one delves, the worse things look for actively managed funds.
         

The deeper one delves, the worse things look for actively managed funds.


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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No one deserves to rent your heart, especially those who hurt you. Your heart is precious and deserves to store your great memories!

No one deserves to rent your heart, especially those who hurt you. Your heart is precious and deserves to store your great memories!



I like bread, and I like butter - but I like bread with butter best.

I like bread, and I like butter - but I like bread with butter best.



When a person knows and can't make the others understand, what does he do?

When a person knows and can't make the others understand, what does he do?



If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years.

If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years.



Ease up on yourselves. Have some compassion for yourself as well as for others. There's no such thing as perfection, and life is not a race.

Ease up on yourselves. Have some compassion for yourself as well as for others. There's no such thing as perfection, and life is not a race.



Government is not peaceful; it is inherently coercive.

Government is not peaceful; it is inherently coercive.



Our lives are full of stress. Some meditate, some walk, some sing and dance. Nature offers us garlic, maitake and hibiscus to relieve stress

Our lives are full of stress. Some meditate, some walk, some sing and dance. Nature offers us garlic, maitake and hibiscus to relieve stress



Women always need other women to lean on. They become friends in order to hate each other better. The more they hate each other, the more inseparable they become.

Women always need other women to lean on. They become friends in order to hate each other better. The more they hate each other, the more inseparable they become.



I only mean to say that I have a feeling that it never was intended I should live long. I'm not like the rest of you.

I only mean to say that I have a feeling that it never was intended I should live long. I'm not like the rest of you.



I always seem to write personal songs; that's always been my go-to thing, to write about what I'm experiencing.

I always seem to write personal songs; that's always been my go-to thing, to write about what I'm experiencing.




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This page presents the quote "The deeper one delves, the worse things look for actively managed funds.". Author of this quote is William J. Bernstein. This quote is about deeper, investing, looks,.