Customers Quote by Michael Steinhardt

Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping…

— Joel Spolsky

Banks and investors don't usually view a high-ranking executive in the company selling off massive amounts of stock as a good thing.

— Marc Randolph

The average person can’t really trust anybody. They can’t trust a broker, because the broker is interested in churning commissions. They can’t trust a…

— Seth Klarman

Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general…

— Charlie Munger

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

A vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing their clients'…

— Michael Lewis

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

— Ron Chernow

Most investors are pretty smart. Yet most investors also remain heavily invested in actively managed stock funds. This is puzzling. The temptation, of course,…

— Jonathan Clements

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock…

— Ron Chernow

“Direct-sold retail funds can be great for investors, but sometimes they can work against the fund companies that market them. Throughout the recent bear…

— Pat Dorsey

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.

— Benjamin Graham

Investors, most of them, have a herd mentality. They want to invest only if other people are investing

— Jessica Livingston