Disappointment Quote by John C. Bogle

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're…

— Ron Chernow

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…

— David F. Swensen

There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.

— Jim Cramer

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund.…

— Ron Chernow

Investors tend to discover 'hot' mutual fund managers just after a successful run and just before the inescapable force of mean reversion is about…

— Barry Ritholtz

Fund investors are confident that they can easily select superior fund managers. They are wrong.

— John C. Bogle

The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted…

— John C. Bogle

Mutual fund managers want your money in their funds. They get paid based on assets under management.

— Barry Ritholtz

... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is…

— Merton Miller

I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of…

— Burton Malkiel

I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given…

— John C. Bogle

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