---
title: "1 Capital gains tax Quotes By Burton Malkiel"
description: "1 Capital gains tax quotes by Burton Malkiel. Plus more from Burton Malkiel and more Capital gains tax sayings from other authors."
image: "https://sms4smile.com/quotes/i/949/burton-malkiel-31547_capital-gains_index-funds-do-not-trade-from-security-t_2997402.png"
---

> [Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.](https://sms4smile.com/quotes/burton-malkiel/index-funds-do-not-trade-from-security-to-security-and-thus-they-tend/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

[Image](https://sms4smile.com/quotes/i/949/burton-malkiel-31547_capital-gains_index-funds-do-not-trade-from-security-t_2997402.png)

## More by Burton Malkiel

> [Never buy anything from someone who is out of breath.](https://sms4smile.com/quotes/burton-malkiel/never-buy-anything-from-someone-who-is-out-of-breath/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected…](https://sms4smile.com/quotes/burton-malkiel/a-blindfolded-monkey-throwing-darts-at-a-newspaper-s-financial-pages/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked,…](https://sms4smile.com/quotes/burton-malkiel/j-p-morgan-once-had-a-friend-who-was-so-worried-about-his-stock/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Trust in time rather than timing,](https://sms4smile.com/quotes/burton-malkiel/trust-in-time-rather-than-timing/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole…](https://sms4smile.com/quotes/burton-malkiel/index-funds-have-regularly-produced-rates-of-return-exceeding-those/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed.…](https://sms4smile.com/quotes/burton-malkiel/index-funds-are-tax-friendly-allowing-investors-to-defer-the/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial…](https://sms4smile.com/quotes/burton-malkiel/experience-conclusively-shows-that-index-fund-buyers-are-likely-to/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [It's not that stock prices are capricious. It's that the news is capricious.](https://sms4smile.com/quotes/burton-malkiel/it-s-not-that-stock-prices-are-capricious-it-s-that-the-news-is/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and,…](https://sms4smile.com/quotes/burton-malkiel/many-of-us-economists-who-believe-in-efficiency-do-so-because-we-view/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Stupidity well packaged can sound like wisdom.](https://sms4smile.com/quotes/burton-malkiel/stupidity-well-packaged-can-sound-like-wisdom/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like…](https://sms4smile.com/quotes/burton-malkiel/historically-the-stock-market-is-like-a-gambling-casino-with-the-odds/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [It's like giving up a belief in Santa Claus.](https://sms4smile.com/quotes/burton-malkiel/it-s-like-giving-up-a-belief-in-santa-claus/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [The surest way to find an actively managed fund that will have top-quartile returns is to look for a fund that has bottom-quartile expenses.](https://sms4smile.com/quotes/burton-malkiel/the-surest-way-to-find-an-actively-managed-fund-that-will-have-top/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [We conclude that hedge funds are far riskier and provide much lower returns than commonly supposed.](https://sms4smile.com/quotes/burton-malkiel/we-conclude-that-hedge-funds-are-far-riskier-and-provide-much-lower/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

> [I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of…](https://sms4smile.com/quotes/burton-malkiel/i-have-become-increasingly-convinced-that-the-past-records-of-mutual/)

[Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/)

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