Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement. — William Forsyth Sharpe Copy Share Image
[What if my advisor talks only about returns, not risk?] ... It's his job to take risk into account by telling you the range… — William Forsyth Sharpe Copy Share Image
Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this… — William Forsyth Sharpe Copy Share Image
Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in… — William Forsyth Sharpe Copy Share Image
![“[What if my advisor talks only about returns, not risk?] ... It's his job to take risk into account by telling you the range of possible outcomes you face. If he won't, go get a new planner, someone who will get real.” quote by William Forsyth Sharpe](https://sms4smile.com/quotes/img-quotes/7c9/william-forsyth-sharpe-83220_accounts_what-if-my-advisor-talks-only-about-retu_322124.jpg)
