Active Management Quotes & Sayings

Action for Happiness encourages each of us to live more compassionately and put the happiness of others at the centre of our lives. This is the path to lasting peace and happiness — Dalai Lama

Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers. — Eugene Fama

Time gnaws and wears away; it separates; it flies. And by virtue of separation--by separating man from his pain or from the object of his pain--time cures. — Jean-Paul Sartre

A good list of questions to ask your advisor will include the following: Where will my money be held? Right answer: Somewhere else! Are you a broker? Right answer: No! Are you a dually registered advisor? Right answer: No! Do you or any affiliate have proprietary investments of any kind? Right answer: No! How are you compensated? Right answer: Total disclosure in writing and never make commissions on any investment product. What are the credentials of you and/or your team? Right answer: If planning is involved, a CFP is ideal to have on the team. What is your planning and investment management approach? Right answer: The firm should follow a coherent philosophy rather than a bunch of different strategies (unprincipled) and should follow an approach that does not involve market timing or active trading. — Peter Mallouk

most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those investors without active management expertise. Few institutions and even fewer individuals exhibit the ability and commit the resources to produce risk-adjusted excess returns. — David F. Swensen

We achieve active mastery over illness and death by delegating all responsibility for their management to physicians, and by exiling the sick and the dying to hospitals. But hospitals serve the convenience of staff not patients: we cannot be properly ill in a hospital, nor die in one decently; we can do so only among those who love and value us. The result is the institutionalized dehumanization of the ill, characteristic of our age. — Thomas Szasz

[ ... ]he also had a device which looked rather like a largish electronic calculator. This had about a hundred tiny flat press buttons and a screen about four inches square on which any one of a million "pages" could be summoned at a moment's notice. It looked
insanely complicated, and this was one of the reasons why the snug plastic cover it fitted into had the words
Don't Panic printed on it in large friendly letters. The other reason was that this device was in fact that most
remarkable of all books ever to come out of the great publishing corporations of Ursa Minor - The Hitch Hiker's Guide to the Galaxy. The reason why it was published in the form of a micro sub meson electronic component is that if it were printed in normal book form, an interstellar hitch hiker would require several inconveniently large buildings to carry it around in. — Douglas Adams

Think about all the time, brainpower, and social or political capital you continued to spend on some commitment only because you didn't like the idea of quitting. — Steven D. Levitt

Index investing outperforms active management year after year. — Jim Rogers

Active management is little more than a gigantic con game. — Ronald Ross

The best way to own common stocks is through an index fund. — Warren Buffett

Literature overtakes history, for literature gives you more than one life. It expands experience and opens new opportunities to readers. — Carlos Fuentes

I recognized that teaching and research institutions vitally depend on the involvement of active scientists also in management functions. — Richard Ernst

another drawback is inadequate training. Management training on a regular basis is a sine-qua-non for good performance in management. The principles of management are basically the same as they involve men, money and materials. Applications vary slightly depending on the nature of what is being managed, at what level and for what purpose. New ideas, innovations and new practices may emerge from time to time which a manager needs to be conversant with. Otherwise he will be way behind or even obsolete. Training and exposure act as tonic for renewal and reshaping of a manager. There can be no adequate substitute for such training, interaction and exposure until one ceases to be an active manager. To think that once one is in management position, there is no further need for training through formal and informal interaction and exposure is, I believe, the height of folly. — Olusegun Obasanjo

But real adults - people who are masters of their own lives - are in fact nowhere to be found. And a youthful transformation of what exists is in no way characteristic of those who are now young; it is present solely in the economic system, in the dynamism of capitalism. It is things that rule and that are young, vying with each other and constantly replacing each other. — Guy Debord

Life is when awareness hides in the idea of personal experience. — Matthew Kahn

If the person laughs well, they are a good person. — Fyodor Dostoevsky

You never know when the publicity people will feel it is a good time to release the film. — Colm Meaney

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities. — Myron Scholes

Most investors would be better off in an index fund. — Peter Lynch

I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds. — Eugene Fama

I wake up and tear drops, they fall down like rain. I put on that old song we danced to and then, I head off to my job cause not much has changed. Punch the clock, head for home, check the phone. Just in case. Go to bed, dream of you. That's what I am doing these days. — Rascal Flatts

Active management leads to lots of poor investor behavior. It sends people chasing after whoever has the hot hand at the moment. — Barry Ritholtz

Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages. — Burton Malkiel

The clerical system of church management is exceedingly popular, but the whole thought is foreign to Scripture. In a church all the members are active. He [God] appointed some to take oversight of the work so that it might be carried on efficiently. It was never His thought that the majority of the believers should devote themselves exclusively to secular affairs and leave church matters to a group of spiritual specialists. — Watchman Nee

The true felicity of life is to be free from anxieties and pertubations; to understand and do our duties to God and man, and to enjoy the present without any serious dependence on the future. — Seneca The Younger

Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom. — David F. Swensen

What, if as said, man is a bubble. — Marcus Terentius Varro