Billions Quote by Ron Chernow

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 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

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

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

— Barry Ritholtz

Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they…

— Barry Ritholtz

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

— John C. Bogle

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

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

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is…

— Martin Gilbert

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

Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that…

— John C. Bogle

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the…

— Jim Cramer