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 from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.
The true depth of understanding and maturity as a practitioner is how we apply what we've learned to our lives. - David F. Swensen
The true depth of understanding and maturity as a practitioner is how we apply what we've learned to our lives.
- David F. Swensen
Jack Bogle's passionate cry of Enough! contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Em… - David F. Swensen
Jack Bogle's passionate cry of Enough! contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Em…
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual… - David F. Swensen
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual…
Most active mutual funds are more interested in collecting fees than in boosting returns for investors. - David F. Swensen
Most active mutual funds are more interested in collecting fees than in boosting returns for investors.
Don't let what other people say disturb your mind. Be happy. - David F. Swensen
Don't let what other people say disturb your mind. Be happy.
When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating … - David F. Swensen
When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating …
I've tried many other styles of yoga, but nothing has ever given me the same centeredness, energy, and internal balance that I feel when practicing A… - David F. Swensen
I've tried many other styles of yoga, but nothing has ever given me the same centeredness, energy, and internal balance that I feel when practicing A…
I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? Fo… - David F. Swensen
I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? Fo…
A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds tha… - David F. Swensen
A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds tha…
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