Beating the market is a zero-sum game for investors. Money managers, as a group, must provide the market return... But that return comes only before their exorbitant fees, operating expenses, and portfolio turnover costs are deducted. The zero-sum game before costs becomes a loser's game after costs.
John BogleRelated topics
beating comes game market money portfolio return costsRelated quotes
Are you there vodka? It's me, Chelsea. Please get me out of jail and I promise I will never drink again. Drink and drive. I will never drink and drive again. I may even start my own group fashioned after MADD, Mothers Against Drunk Driving, but I'll call it AWLTDASH, Alcoholics Who Like to Drink and Stay Home.
Chelsea Handler
I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.
John Stossel
So the HP guy comes up to me (at the Melbourne conference) and he says, 'If you say nasty things like that to vendors you're not going to get anything'. I said 'no, in eight years of saying nothing, we've got nothing, and I'm going to start saying nasty things, in the hope that some of these vendors will start giving me money so I'll shut up'.
Theo de Raadt
The game Flights of Fancy or Reverse Strip Jump is played from as high a jumping-point as a competitor will dare. After each successful jump, the competitor is allowing to put on an article of clothing. Thirteen jumps is normally more than enough to see a competitor fully dressed for the day.
Peter Greenaway