Academic research Quote by James B. Stewart

To value investors the concept of indexing is at best silly and at worst quite hazardous. Warren Buffett has observed that "in any sort…

— Seth Klarman

“Much of the market is mindlessly indexed. That means it is all beta. The knowledge is leaching away in the surf of noise and…

— George Gilder

“To use an example frequently offered by Masters, imagine if someone continually showed up at car dealerships and asked to buy $500,000 worth of…

— Matt Taibbi

Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and…

— Michael LeBoeuf

There is very little sense that anybody really knows what works or why. But that's not a shock. And I don't think market research…

— Charlie Huston

“The sobering words of the economist John Maynard Keys are: “Markets can remain illogical for longer than you or I can remain solvent.”

— Carié Maas

“the market is the benign mechanism that Hayek and others describe only when it is constrained by an impartial rule of law, and only…

— Roger Scruton

“In sum, the most commonly used stock and bond market benchmark indexes cause economic harm, distort pricing information, and cause financial behaviours that are…

— Wayne Visser

In investing, you get what you don't pay for. Costs matter. So intelligent investors will use low-cost index funds to build a diversified portfolio…

— John C. Bogle

Economists often get the market wrong.

— Kapil Sibal

All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring…

— Ludwig von Mises

“The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my…

— George Soros