William Bernstein on active fund management…


“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor – the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.”
William Bernstein, The Intelligent Asset Allocator
Advertisements
Explore posts in the same categories: Jokes in financial services, Mutual funds

One Comment on “William Bernstein on active fund management…”

  1. sukumaran Says:

    hey you are using a Nobel Laurette to hit out at the fund management industry. In fact I think there is increasing evidence to go for an index fund. What do we do for a living???


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: