Quotes about "Money & Wealth"

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance. ”

Mutual fund managers want your money in their funds. They get paid based on assets under management. ”

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong. ”

Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term to describe portfolios that have been assembled for purposes other than serving the clients' best interests. ”

When markets are rallying, cash in the portfolio is a drag on performance, returning about zero. ”

When it comes to investing, there is no such thing as a one-size-fits-all portfolio. ”

The bottom line is this: Cash, in modest increments, has a role in any portfolio. But unless you are Warren Buffett, you should limit it to 2 or 3 percent. ”

The beauty of diversification is it's about as close as you can get to a free lunch in investing. ”

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized. ”

If you have read me for any length of time, you know I am less than enthralled with much of what passes for financial news. ”