That which works is authentic. It's a practical truth. What really matters is that we find benefit, regardless … - David F. Swensen

Same topic Authors

Quote of the day

A lot of my reputation is a product of exaggeration and ignorance.

David F. Swensen

That which works is authentic. It's a practical truth. What really matters is that we find benefit, regardless of whether it's an ancient traditional approach or some new version, popular or obscure.

Ancient, Approach, Benefits, Matter, Traditional, Works

Same Author Quotes

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.

Acceptance, Eye, Frequently, Independent, Uncomfortably

Unless an investor has access to 'incredibly high-qualified professionals,' they should be 100 percent passive - that includes almost all individual investors and most institutional investors.

Individual, Investing, Professionals, Should, Unless

Most active mutual funds are more interested in collecting fees than in boosting returns for investors.

Fees, Funds, Investing, Mutual Fund, Return, Returns

Never underestimate the gullibility of large pools of money.

Gullibility, Money, Pool, Underestimate

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 that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4. 8 percent per annum.

500, Annum, Fund, Gains, Investing, Wealth

Similar Quotes

Bryan Hayes

I was 35 years old and not in the best of shape. I spent many late nights playing music, drinking beer, and eating Taco Bell.

Beer, Bell, Drinking, Eating, Night, Spent

Rush Limbaugh

[Donald Trump] said, "Maybe the Russians could find those [Hillary Clinton's] emails - and if the Russians find 'em, please give them to the media. " Well, I don't know how you get there from here, but the media then reported that Trump was encouraging the Russians to hack the Hillary campaign and produce the evidence to the media.

Email, Giving, Media, Please, Produce, Trump

Marco Pierre White

A lot of my reputation is a product of exaggeration and ignorance.

Exaggeration, Ignorance, Product, Reputation

Aubrey Plaza

Improv is so different, it's such a collaborative thing, you're working with other people, nothing is planned and it's kind of this community mentality, whereas stand-up, you're alone and it was really hard.

Collaborative, Community, Different, People, Thing, Working

Lela Rose

I bike around New York City as a way of getting everywhere I need to go.

Cities, City, Needs, New York, Way, York