Customer Quote by Burton Malkiel
“We conclude that hedge funds are far riskier and provide much lower returns than commonly supposed.”
About This Quote
Source Book: A Random Walk Down Wall Street, 121
Hedge funds carry higher risk and typically deliver lower returns than many investors expect.
In simple terms: Hedge funds are riskier and less profitable.
Key Takeaway
Beware of hedge fund promises.
Themes
finance
risk
investment
hedge funds
Mood
cautious
analytical
Type
advice
analytical
When to use this quote
- portfolio planning
- retirement saving
- asset allocation
Key Concepts
risk‑adjusted return
market efficiency
Questions to Reflect On
- Do you need hedge funds for diversification?
- What alternatives offer better risk‑adjusted returns?
A Different Perspective
Past performance may not predict future results.
