--- title: "Meaning & Key Takeaway of: Unless an investor has access to…" description: "\"Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual i..." image: "https://sms4smile.com/quotes/i/404/david-f-swensen-23191_access_unless-an-investor-has-access-to-incredi_592843.jpg" --- # Unless an investor has access to “incredibly… ![“Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.” quote by David F. Swensen](https://sms4smile.com/quotes/i/404/david-f-swensen-23191_access_unless-an-investor-has-access-to-incredi_592843.jpg) [Download](https://sms4smile.com/quotes/i/404/david-f-swensen-23191_access_unless-an-investor-has-access-to-incredi_592843.jpg) [Open image](https://sms4smile.com/quotes/i/404/david-f-swensen-23191_access_unless-an-investor-has-access-to-incredi_592843.jpg) > “Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.” [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Passive investing is recommended for most investors because they lack the expertise to reliably select individual securities. **In simple terms:** Most people should invest passively. Key Takeaway Use low‑cost index funds. Themes investing passivity expertise risk management Mood pragmatic cautious Type advice financial. When to use this quote - retirement planning - college savings - personal finance - institutional asset allocation Key Concepts efficient market hypothesis cost averaging portfolio diversification Questions to Reflect On - Do you have the time or skill to research stocks? - How would active management change your portfolio? A Different Perspective Passive strategies may underperform in niche markets where active skill adds value. ★ ★ ★ ★ ★ No ratings yet [Access](https://sms4smile.com/quotes/about/access/) [Customer](https://sms4smile.com/quotes/about/customer/) [Individual](https://sms4smile.com/quotes/about/individual/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) ## Related quotes > [Not every owner of a qualified high-qualified for the position, and not every man did not have the opportunity to obtain higher qualification to…](https://sms4smile.com/quotes/abdelrahman-sabry/not-every-owner-of-a-qualified-high-qualified-for-the-position-and/) [Abdelrahman Sabry](https://sms4smile.com/quotes/author/abdelrahman-sabry/) > [Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. 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This…](https://sms4smile.com/quotes/george-soros/the-trouble-with-institutional-investors-is-that-their-performance-is/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Individual and institutional investors alike frequently demonstrate an inability to make long-term investment decisions based on business fundamentals.](https://sms4smile.com/quotes/seth-klarman/individual-and-institutional-investors-alike-frequently-demonstrate/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Regulations for international accounting and funding will have to be examined to identify policies that inadvertently discourage institutional investors from putting their resources into…](https://sms4smile.com/quotes/jose-angel-gurria/regulations-for-international-accounting-and-funding-will-have-to-be/) [Jose Angel Gurria](https://sms4smile.com/quotes/author/jose-angel-gurria/) ## More by David F. Swensen > [My first encounter with yoga was in 1969 with my older brother Doug. I was thirteen years old, and he was eighteen. He'd learned…](https://sms4smile.com/quotes/david-f-swensen/my-first-encounter-with-yoga-was-in-1969-with-my-older-brother-doug-i/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [My attitude about teaching has always been the same. From early on, I wanted to make yoga accessible so that anyone, regardless of ability,…](https://sms4smile.com/quotes/david-f-swensen/my-attitude-about-teaching-has-always-been-the-same-from-early-on-i/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [I think regular Iowans are cynical of this whole idea of corporate welfare, with the biggest awards going to the most profitable companies. It…](https://sms4smile.com/quotes/david-f-swensen/i-think-regular-iowans-are-cynical-of-this-whole-idea-of-corporate/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [Don't let what other people say disturb your mind. Be happy.](https://sms4smile.com/quotes/david-f-swensen/don-t-let-what-other-people-say-disturb-your-mind-be-happy/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [I encourage students to check out different styles of yoga and different teachers even within one system. Seek the teacher that inspires you, and…](https://sms4smile.com/quotes/david-f-swensen/i-encourage-students-to-check-out-different-styles-of-yoga-and/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [I believe that the greatest teachers create thinking students.](https://sms4smile.com/quotes/david-f-swensen/i-believe-that-the-greatest-teachers-create-thinking-students/) [David F. 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Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [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…](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/) > [A yogi is one who leaves a place a little nicer than when they arrived.](https://sms4smile.com/quotes/david-f-swensen/a-yogi-is-one-who-leaves-a-place-a-little-nicer-than-when-they-arrived/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [I've worked many jobs throughout my life, which has ultimately enhanced my appreciation for the opportunity to teach yoga and share something so positive.](https://sms4smile.com/quotes/david-f-swensen/i-ve-worked-many-jobs-throughout-my-life-which-has-ultimately/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our…](https://sms4smile.com/quotes/david-f-swensen/the-simple-index-fund-solution-has-been-adopted-as-a-cornerstone-of/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance…](https://sms4smile.com/quotes/david-f-swensen/active-management-strategies-demand-uninstitutional-behavior-from/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) > [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…](https://sms4smile.com/quotes/david-f-swensen/a-minuscule-4-percent-of-funds-produce-market-beating-after-tax/) [David F. Swensen](https://sms4smile.com/quotes/author/david-f-swensen/) [Explore all 26 David F. Swensen quotes ](https://sms4smile.com/quotes/author/david-f-swensen/) ## More Access quotes > [Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them the tools at their disposable that…](https://sms4smile.com/quotes/marco-rubio/conservatism-is-not-about-leaving-people-behind-conservatism-is-about/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [You can disseminate your art, and it's all such easy access now. 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