A Quote by Charles R. Schwab
Nobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.
Related Quotes
Indexing is a successful approach to investing not because it's simple, but because it has performed so much better than the average active manager (the opposite of indexing), and the simplicity is just an added bonus.
The word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.
The indexing problem changes with each new book undertaken. To meet the needs of different classes of seekers and to suit various types of books, rules entirely satisfactory in one case must be varied in the next and perhaps ignored or even reversed for a third... Indexing is a highly complex intellectual process involving the use of language in a specific and somewhat artificial way, and that it is also to a considerable extent a matter of intuition, the workings of which cannot be reduced to fixed rules. It is 'knowing what but not knowing how'.
What indexing does is neutralize a large part of the stock market. There's no trading in those stocks, or almost none.
Be mindful, which is more of a passive meditation practice. It is passive when you are active. Then there is active meditation, when you are passive, sitting still.
I would rather have strong enemies than a world of passive individualists. In a world of passive individualists nothing seems worth anything simply because nobody stands for anything. That world has no convictions, no victories, no unions, no heroism, no absolutes, no heartbeat. That world has rigor mortis.
I think that is so interesting. It is le Carré. There must be so much of him when he was younger. He's an interesting character. I don't want to say the word "passive" because there is something very active about the way he is passive, if that makes any sense: the nature of his watching and his listening is active. It is always so alive because he is, essentially, a spy.
The concept of muse is alien to me. To speak of a muse implies there is a couple in which one person is the objectified passive element - there to help the creative, active, often male part of the duo to create. A muse is very passive. Who wants a muse? I don't want a muse.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
The television set's on while the family's sitting around having dinner or talking. Nobody's watching TV; it's there; they're aware of it, but they're not participating. That's passive.
Creativity is not passive, I don't see the creation of art as passive.
Hegel held that the two sexes were of necessity different, the one being active and the other passive, and of course the female would be the passive one.
One study found that volunteering actually makes people feel they have more time, not less. A good weekend usually involves more than just passive leisure, like spectator sports or binge-watching The Crown. What's more edifying are activities that generate meaning or purpose.
Most people are passive aggressive in this world. I have the idea that the human being is born with a kind of reservoir of aggression. We are inherently somewhat aggressive creatures and we either channel that in direct ways or we channel it in indirect ways and become passive aggressive.
For me, a muse is someone who looks glamorous but is quite passive, whereas I was very hard-working. I worked from 9am to sometimes 9pm, or even 2am. I certainly wasn't passive
I oppose indexing gas tax hikes to inflation.
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