Accounts Quote by Arthur Levitt Jr

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your…

— William J. Bernstein

If fees consume more than 1% of your assets annually, you should probably shop for another adviser.

— Benjamin Graham

A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.

— Michael LeBoeuf

Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately…

— Benjamin Graham

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds…

— David F. Swensen

Investment banking fees are geared towards success.

— John Williams

On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.

— Dan Schulman

When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end…

— David F. Swensen

If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving…

— Robert Haugen

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…

— David F. Swensen

Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up…

— Anne Campbell

“When closed-end funds are started they are usually sold by brokers, who add a hefty commission of around 7% to the sale price. But…

— Richard H. Thaler