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William J. Bernstein Quotes: The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.
         

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.


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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Nothing was nothing else. Nothing was anything it shouldn’t be.

Nothing was nothing else. Nothing was anything it shouldn’t be.



You seek the heights of manhood when you seek the depths of God.

You seek the heights of manhood when you seek the depths of God.



And the seriousness with which the other party takes my words always raises the doubt whether I have taken them seriously enough myself.

And the seriousness with which the other party takes my words always raises the doubt whether I have taken them seriously enough myself.



If we stop exploring space, we're going to lose the same part of us that found vaccines and penicillin, the part that searches for cures to cancer and AIDS.

If we stop exploring space, we're going to lose the same part of us that found vaccines and penicillin, the part that searches for cures to cancer and AIDS.



All decent people live beyond their incomes; those who aren't respectable live beyond other people's; a few gifted individuals manage to do both.

All decent people live beyond their incomes; those who aren't respectable live beyond other people's; a few gifted individuals manage to do both.



I hate myself because I am not beautiful. I hate myself because I am fat.

I hate myself because I am not beautiful. I hate myself because I am fat.



You don't want to do something that's all terrifying.

You don't want to do something that's all terrifying.



Everywhere we go, Nancy makes the world a little better.

Everywhere we go, Nancy makes the world a little better.



I prefer dangerous freedom over peaceful slavery.

I prefer dangerous freedom over peaceful slavery.



Man without mysticism is a monster.

Man without mysticism is a monster.




Quote Description


This page presents the quote "The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.". Author of this quote is William J. Bernstein. This quote is about baby, nelson, way, typical, fund, faces, participants, company,.