Burton Malkiel Quotes

The surest way to find an actively managed fund that will have top-quartile returns is to look for a fund that has bottom-quartile expenses.

Trust in time rather than timing,

Stupidity well packaged can sound like wisdom.

Never buy anything from someone who is out of breath.

It's like giving up a belief in Santa Claus.

We conclude that hedge funds are far riskier and provide much lower returns than is commonly supposed.

Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.

It's not that stock prices are capricious. It's that the news is capricious.