Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes..

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

Never buy anything from someone who is out of breath..

Trust in time rather than timing..

A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by….

I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few ex….

Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequea….

J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do abou….

Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole ….

Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a ….

It's not that stock prices are capricious. It's that the news is capricious..

The surest way to find an actively managed fund that will have top-quartile returns is to look for a fund that has bottom-quartile expenses..

Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly ….

We conclude that hedge funds are far riskier and provide much lower returns than commonly supposed..

Stupidity well packaged can sound like wisdom..

It's like giving up a belief in Santa Claus..