Common Quote by Eugene Fama

You can't be normal and expect abnormal returns.

— Jeffrey Pfeffer

“All statistics have outliers. Money management, therefore, is key to the process of good trading.”

— Yvan Byeajee

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

— Alan Greenspan

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

“well-functioning market requires all three types of investors for socially beneficial projects to have access to cheap capital. Value investors allocate capital to its…

— Michael Pettis

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

We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.

— Harry Markowitz

The normal curve is a distribution most appropriate to chance and random activity. Education is a purposeful activity and we seek to have students…

— Benjamin Bloom

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the…

— Alan Greenspan

Sure, investors do tend to overreact, but they are investing real money based on doubtful information. Complacency or a wrong move sees their money…

— Sucheta Dalal

After costs, only the top 3% of managers produce a return that indicates they have sufficient skill to just cover their costs, which means…

— Eugene Fama

The average investor's return is significantly lower than market indices due primarily to market timing.

— Daniel Kahneman