--- title: "Meaning & Key Takeaway of: The deeper one delves, the worse things…" description: "\"The deeper one delves, the worse things look for actively managed funds.\" — William J. Bernstein" image: "https://sms4smile.com/quotes/i/8aa/william-j-bernstein-17198_customer_the-deeper-one-delves-the-worse-things-l_1946713.png" --- # The deeper one delves, the worse things look for actively… ![“The deeper one delves, the worse things look for actively managed funds.” quote by William J. Bernstein](https://sms4smile.com/quotes/i/8aa/william-j-bernstein-17198_customer_the-deeper-one-delves-the-worse-things-l_1946713.png) [Download](https://sms4smile.com/quotes/i/8aa/william-j-bernstein-17198_customer_the-deeper-one-delves-the-worse-things-l_1946713.png) [Open image](https://sms4smile.com/quotes/i/8aa/william-j-bernstein-17198_customer_the-deeper-one-delves-the-worse-things-l_1946713.png) > “The deeper one delves, the worse things look for actively managed funds.” [William J. Bernstein](https://sms4smile.com/quotes/author/william-j-bernstein/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Deeper](https://sms4smile.com/quotes/about/deeper/) [Deeper Delves](https://sms4smile.com/quotes/about/deeper-delves-3135124/) [Delves Worse](https://sms4smile.com/quotes/about/delves-worse-3135123/) [Fund](https://sms4smile.com/quotes/about/fund/) [Funds](https://sms4smile.com/quotes/about/funds/) [Investing](https://sms4smile.com/quotes/about/investing/) [Looks](https://sms4smile.com/quotes/about/looks/) [Managed Funds](https://sms4smile.com/quotes/about/managed-funds-3135122/) ## Related quotes > [While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in…](https://sms4smile.com/quotes/william-j-bernstein/while-it-is-probably-a-poor-idea-to-own-actively-managed-funds-in/) [William J. 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