--- title: "12 Fund Industry Quotes by 6 authors" description: "Browse 12 Fund Industry quotes by 6 authors. Discover the best Fund Industry sayings and thoughts." image: "https://sms4smile.com/quotes/i/c54/jim-cramer-12495_competitors_the-mutual-fund-industry-provided-the-mo_134566.jpg" --- > [The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.](https://sms4smile.com/quotes/jim-cramer/the-mutual-fund-industry-provided-the-money-for-intel-and-motorola/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) [Image](https://sms4smile.com/quotes/i/c54/jim-cramer-12495_competitors_the-mutual-fund-industry-provided-the-mo_134566.jpg) > [The mutual fund industry has been built, in a sense, on witchcraft.](https://sms4smile.com/quotes/john-c-bogle/the-mutual-fund-industry-has-been-built-in-a-sense-on-witchcraft/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/c16/john-c-bogle-2199_fund_the-mutual-fund-industry-has-been-built_1287866.jpg) > [There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to…](https://sms4smile.com/quotes/jim-cramer/there-s-accountability-in-the-mutual-fund-industry-and-they-ve-been/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) [Image](https://sms4smile.com/quotes/i/9e9/jim-cramer-12495_accountability_there-s-accountability-in-the-mutual-fun_367837.jpg) > [We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-mutual-fund-industry-with-both-vision-and-values-a-vision/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/b67/john-c-bogle-2199_clients_we-need-a-mutual-fund-industry-with-both_1139501.jpg) > [Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term -…](https://sms4smile.com/quotes/john-c-bogle/among-my-greatest-disappointments-about-the-mutual-fund-industry-in/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/e5e/john-c-bogle-2199_disappointment_among-my-greatest-disappointments-about_2053364.jpg) > [The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty…](https://sms4smile.com/quotes/john-c-bogle/the-culture-of-the-mutual-fund-industry-when-i-came-into-it-in-1951/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/d71/john-c-bogle-2199_culture_the-culture-of-the-mutual-fund-industry_1985828.jpg) > [I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund…](https://sms4smile.com/quotes/martin-gilbert/i-think-there-are-probably-too-many-hedge-fund-managers-in-the-world/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) [Image](https://sms4smile.com/quotes/i/fb5/martin-gilbert-30086_binary_i-think-there-are-probably-too-many-hedg_2223380.jpg) > [Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal…](https://sms4smile.com/quotes/david-f-swensen/invest-in-low-turnover-passively-managed-index-funds-and-stay-away/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) [Image](https://sms4smile.com/quotes/i/fbf/david-f-swensen-23191_colossal_invest-in-low-turnover-passively-managed_1627483.jpg) > [I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an…](https://sms4smile.com/quotes/john-c-bogle/i-believe-that-the-mutual-fund-industry-s-biggest-shortcoming-is-too/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/fb0/john-c-bogle-2199_believe_i-believe-that-the-mutual-fund-industry_2729596.jpg) > [I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife…](https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) [Image](https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png) > [Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry…](https://sms4smile.com/quotes/john-c-bogle/yes-the-investor-is-often-his-own-worst-enemy-yes-the-marketing/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/4c4/john-c-bogle-2199_bystanders_yes-the-investor-is-often-his-own-worst_1155477.jpg) > [Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off…](https://sms4smile.com/quotes/jonathan-clements/santa-claus-and-the-easter-bunny-should-take-a-few-pointers-from-the/) [Jonathan Clements](https://sms4smile.com/quotes/author/jonathan-clements/) [Image](https://sms4smile.com/quotes/i/649/jonathan-clements-33790_adults_santa-claus-and-the-easter-bunny-should_1236118.jpg) ## Top authors on Fund Industry - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-c-bogle-51066.jpg) John C. Bogle 6 quotes ](https://sms4smile.com/quotes/about/fund-industry/john-c-bogle/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/fund-industry/#itemlist", "name": "Fund Industry Quotes", "numberOfItems": 12, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.", "creator": { "@type": "Person", "name": "Jim Cramer" }, "url": "https://sms4smile.com/quotes/jim-cramer/the-mutual-fund-industry-provided-the-money-for-intel-and-motorola/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c54/jim-cramer-12495_competitors_the-mutual-fund-industry-provided-the-mo_134566.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c54/jim-cramer-12495_competitors_the-mutual-fund-industry-provided-the-mo_134566.jpg", "url": "https://sms4smile.com/quotes/i/c54/jim-cramer-12495_competitors_the-mutual-fund-industry-provided-the-mo_134566.jpg", "width": 1080, "height": 1080, "caption": "“The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the…” — Jim Cramer", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "The mutual fund industry has been built, in a sense, on witchcraft.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/the-mutual-fund-industry-has-been-built-in-a-sense-on-witchcraft/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c16/john-c-bogle-2199_fund_the-mutual-fund-industry-has-been-built_1287866.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c16/john-c-bogle-2199_fund_the-mutual-fund-industry-has-been-built_1287866.jpg", "url": "https://sms4smile.com/quotes/i/c16/john-c-bogle-2199_fund_the-mutual-fund-industry-has-been-built_1287866.jpg", "width": 1080, "height": 1080, "caption": "“The mutual fund industry has been built, in a sense, on witchcraft.” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.", "creator": { "@type": "Person", "name": "Jim Cramer" }, "url": "https://sms4smile.com/quotes/jim-cramer/there-s-accountability-in-the-mutual-fund-industry-and-they-ve-been/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9e9/jim-cramer-12495_accountability_there-s-accountability-in-the-mutual-fun_367837.jpg", "contentUrl": "https://sms4smile.com/quotes/i/9e9/jim-cramer-12495_accountability_there-s-accountability-in-the-mutual-fun_367837.jpg", "url": "https://sms4smile.com/quotes/i/9e9/jim-cramer-12495_accountability_there-s-accountability-in-the-mutual-fun_367837.jpg", "width": 1080, "height": 1080, "caption": "“There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people…” — Jim Cramer", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/we-need-a-mutual-fund-industry-with-both-vision-and-values-a-vision/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b67/john-c-bogle-2199_clients_we-need-a-mutual-fund-industry-with-both_1139501.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b67/john-c-bogle-2199_clients_we-need-a-mutual-fund-industry-with-both_1139501.jpg", "url": "https://sms4smile.com/quotes/i/b67/john-c-bogle-2199_clients_we-need-a-mutual-fund-industry-with-both_1139501.jpg", "width": 1080, "height": 1080, "caption": "“We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/among-my-greatest-disappointments-about-the-mutual-fund-industry-in/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e5e/john-c-bogle-2199_disappointment_among-my-greatest-disappointments-about_2053364.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e5e/john-c-bogle-2199_disappointment_among-my-greatest-disappointments-about_2053364.jpg", "url": "https://sms4smile.com/quotes/i/e5e/john-c-bogle-2199_disappointment_among-my-greatest-disappointments-about_2053364.jpg", "width": 1080, "height": 1080, "caption": "“Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/the-culture-of-the-mutual-fund-industry-when-i-came-into-it-in-1951/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d71/john-c-bogle-2199_culture_the-culture-of-the-mutual-fund-industry_1985828.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d71/john-c-bogle-2199_culture_the-culture-of-the-mutual-fund-industry_1985828.jpg", "url": "https://sms4smile.com/quotes/i/d71/john-c-bogle-2199_culture_the-culture-of-the-mutual-fund-industry_1985828.jpg", "width": 1080, "height": 1080, "caption": "“The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Martin Gilbert" }, "url": "https://sms4smile.com/quotes/martin-gilbert/i-think-there-are-probably-too-many-hedge-fund-managers-in-the-world/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fb5/martin-gilbert-30086_binary_i-think-there-are-probably-too-many-hedg_2223380.jpg", "contentUrl": "https://sms4smile.com/quotes/i/fb5/martin-gilbert-30086_binary_i-think-there-are-probably-too-many-hedg_2223380.jpg", "url": "https://sms4smile.com/quotes/i/fb5/martin-gilbert-30086_binary_i-think-there-are-probably-too-many-hedg_2223380.jpg", "width": 1080, "height": 1080, "caption": "“I think there are probably too many hedge fund managers in the world, as well as active fund managers. The…” — Martin Gilbert", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.", "creator": { "@type": "Person", "name": "David F. Swensen" }, "url": "https://sms4smile.com/quotes/david-f-swensen/invest-in-low-turnover-passively-managed-index-funds-and-stay-away/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fbf/david-f-swensen-23191_colossal_invest-in-low-turnover-passively-managed_1627483.jpg", "contentUrl": "https://sms4smile.com/quotes/i/fbf/david-f-swensen-23191_colossal_invest-in-low-turnover-passively-managed_1627483.jpg", "url": "https://sms4smile.com/quotes/i/fbf/david-f-swensen-23191_colossal_invest-in-low-turnover-passively-managed_1627483.jpg", "width": 1080, "height": 1080, "caption": "“Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment…” — David F. Swensen", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/i-believe-that-the-mutual-fund-industry-s-biggest-shortcoming-is-too/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fb0/john-c-bogle-2199_believe_i-believe-that-the-mutual-fund-industry_2729596.jpg", "contentUrl": "https://sms4smile.com/quotes/i/fb0/john-c-bogle-2199_believe_i-believe-that-the-mutual-fund-industry_2729596.jpg", "url": "https://sms4smile.com/quotes/i/fb0/john-c-bogle-2199_believe_i-believe-that-the-mutual-fund-industry_2729596.jpg", "width": 1080, "height": 1080, "caption": "“I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.", "creator": { "@type": "Person", "name": "Bill Ackman" }, "url": "https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "contentUrl": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "url": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "width": 1080, "height": 1080, "caption": "“I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not…” — Bill Ackman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/yes-the-investor-is-often-his-own-worst-enemy-yes-the-marketing/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4c4/john-c-bogle-2199_bystanders_yes-the-investor-is-often-his-own-worst_1155477.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4c4/john-c-bogle-2199_bystanders_yes-the-investor-is-often-his-own-worst_1155477.jpg", "url": "https://sms4smile.com/quotes/i/4c4/john-c-bogle-2199_bystanders_yes-the-investor-is-often-his-own-worst_1155477.jpg", "width": 1080, "height": 1080, "caption": "“Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Jonathan Clements" }, "url": "https://sms4smile.com/quotes/jonathan-clements/santa-claus-and-the-easter-bunny-should-take-a-few-pointers-from-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/649/jonathan-clements-33790_adults_santa-claus-and-the-easter-bunny-should_1236118.jpg", "contentUrl": "https://sms4smile.com/quotes/i/649/jonathan-clements-33790_adults_santa-claus-and-the-easter-bunny-should_1236118.jpg", "url": "https://sms4smile.com/quotes/i/649/jonathan-clements-33790_adults_santa-claus-and-the-easter-bunny-should_1236118.jpg", "width": 1080, "height": 1080, "caption": "“Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. 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