Asset allocation Quote by Michael Burry

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

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

— Barry Ritholtz

It is the manager and the team that affect performance, not the size of the fund or firm.

— John Paulson

The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do…

— Michael Lee-Chin

I'm making a case against how money managers are handling customers' money. The objective of the customer is not being met if the fund…

— Michael Lee-Chin

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

Often, investors will discover a manager after he's had a terrific run, usually when he lands on a magazine cover somewhere. Invariably, funds swell…

— Barry Ritholtz

There are a lot of parallels between being a mutual fund manager and being a general manager. Both in the financial markets and in…

— Paul DePodesta

Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole…

— Burton Malkiel

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

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

We can extrapolate from the study that for the long term individual investor who maintains a consistent asset allocation and leans toward index funds,…

— Roger G. Ibbotson