Bad Quote by John C. Bogle

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

It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal…

— Mark Hulbert

The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a…

— John C. Bogle

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

The deeper one delves, the worse things look for actively managed funds.

— William J. Bernstein

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

— Barry Ritholtz

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

Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's…

— 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

Hint: money flows into most funds after good performance, and goes out when bad performance follows.

— John C. Bogle

There are a lot of idiot fund managers out there who add no value to the process at all.

— Kevin O'Leary

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

— Barry Ritholtz