A Quote by Jonathan Clements

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.

Jonathan Clements

Quote Topics

Actively Adults Amazes Among Ardent Beat Bunny Clear Derision Easter Easter Bunny Eight Elaborate Everywhere Fail Few Following Fund Funds Hoaxes Industry Loyalty Market Me Most Mutual Off Otherwise Pointers Prove Pull Santa Santa Claus Should Statistics Still Stock Suffer Take Thinking Three Trying While Year

Quote Author

Jonathan Clements
British - Author
Born: July 9, 1971

I use to believe in Santa Claus, the Easter Bunny, and Tom Cruise too.

Barbara Bretton

Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.

Paul Samuelson

An index fund is a fund that simply invests in all of the stocks in a market. So, for example, an index fund might invest in every single stock or almost every single stock in the U.S. market, it might invest in every single stock abroad, or it might invest in all of the bonds that are out there. And you can make a perfectly fine investing portfolio that mixes equal parts of all three of those.

William J. Bernstein

I still believe in Santa, the Easter Bunny, the Tooth Fairy and true love. Don't even try to tell me different.

Dolly Parton

There are three stages of man: he believes in Santa Claus; he does not believe in Santa Claus; he is Santa Claus.

Bob Phillips

What is the real purpose behind the Tooth Fairy, the Easter Bunny and Santa Claus? They seem like greater steps toward faith and imagination, each with a payoff. Like cognitive training exercises.

Chuck Palahniuk

I don't really care what people tell children - when you believe in Santa Claus, the Easter Bunny and the Tooth Fairy, one more fib won't hurt. But I am infuriated by the growing notion, posited in some touchy-feely quarters, that all women are, or can be, beautiful.

Julie Burchill

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

John C. Bogle

Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.

Daniel Kahneman

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

Martin Gilbert

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.

John C. Bogle

After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and common sense are indispensable... for anyone trying to figure out how to invest in this crazy stock market.

Jim Cramer

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.

John C. Bogle

Well when I was a kid, I asked Santa Claus for some toys. Santa Claus wrote me a letter that he lost his bag. He said he'd get back to me next year.

Benicio Del Toro

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.

John C. Bogle

I remember arguing with kids on the street who were talking about Santa Claus. I said don't be so daft - Santa Claus doesn't come down our chimney. He's an economic Santa Claus; he goes down chimneys where they've got money.

Dennis Skinner

A Quote by Jonathan Clements

Quote Topics

Quote Author

Related Quotes

Related Authors