Adviser Quote by Paul Samuelson

Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably…

— Paul Samuelson

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

... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you…

— Bethany McLean

It seems to me - particularly for these retirement-plan investors, the vast majority of whom are not particularly financially sophisticated - by far the…

— John C. Bogle

Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial…

— Burton Malkiel

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

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

Most investors would be better off in an index fund.

— Peter Lynch

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.

— Warren Buffett

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

— John C. Bogle

There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a…

— Warren Buffett

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