Doe Quote by William J. Bernstein

The average hedge fund manager is going to earn zero per cent in extra return.

— 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

Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.

— John C. Bogle

Investment performance doesn't determine real-life returns; investor behavior does.

— Nick Murray

99% of fund managers demonstrate no evidence of skill whatsoever.

— William J. Bernstein

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

— John C. Bogle

Mutual funds with superior performance records often falter.

— John C. Bogle

A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.

— Michael LeBoeuf

The index fund always gives you the market return.

— John C. Bogle

Investment success does not require glamour stocks or bull markets.

— John Neff

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

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

— Kevin O'Leary