Customer Quote by William J. Bernstein
“The deeper one delves, the worse things look for actively managed funds.”
About This Quote
Source Book: The Four Pillars of Investing, William J. Bernstein, 2002
Actively managed funds often reveal deeper problems the more they are examined.
In simple terms: Active funds can look worse the closer you look.
Key Takeaway
Scrutinize fund performance closely.
Themes
investment
analysis
risk
funds
Mood
cautious
analytical
Type
financial
educational
When to use this quote
- portfolio review
- financial planning
- risk assessment
Key Concepts
active management
performance decay
market efficiency
Questions to Reflect On
- Do you trust active managers?
- When is passive investing preferable?
A Different Perspective
Active management may still outperform in certain niches.
