Game Quote by Eugene Fama

Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers.

— Eugene Fama

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

— Barry Ritholtz

Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance…

— David F. Swensen

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

— Tony Robbins

An active investor is someone who actually lives off their investments as opposed to wages from a job.

— Robert Kiyosaki

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

I'm a passive investor. There are people who are very aggressive; they try to buy companies.

— Walter Schloss

The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group…

— Warren Buffett

I think a very good system in a world with a lot of passive investors is one in which there are at least a…

— Bill Ackman

I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

— Merton Miller

Active management is little more than a gigantic con game.

— Ronald Ross

Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most…

— David F. Swensen