Active Quote by Bill Ackman

The problem that people don't understand is that active managers, almost by definition, have to be poorly diversified. Otherwise, they're not really active. They…

— Eugene Fama

People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe…

— Eugene Fama

Everybody has a different strategy, but everybody agrees that active management does not beat the market.

— Tony Robbins

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

— Warren Buffett

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

— Charlie Munger

I think what's happening is companies are trying to maximize shareholder value and I think they realized that if they could hire more effectively,…

— Nick Corcodilos

The idea of excessive diversification is madness.

— Charlie Munger

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

— Paul Samuelson

“Diversification is a way to protect financial consultants and stock brokers from ever looking really bad, but it also stops them from looking really…

— David Clark

The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do…

— Michael Lee-Chin

Active management leads to lots of poor investor behavior. It sends people chasing after whoever has the hot hand at the moment.

— Barry Ritholtz

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

— Warren Buffett