Active management quotes:

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  • Index investing outperforms active management year after year. -- Jim Rogers
  • Everybody has a different strategy, but everybody agrees that active management does not beat the market. -- Tony Robbins
  • 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
  • It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to grow wealth." And he said that those who still insist on an actively managed fund are almost certainly "deluding themselves. -- Mark Hulbert
  • 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 recognized that teaching and research institutions vitally depend on the involvement of active scientists also in management functions. -- Richard Ernst
  • Active management leads to lots of poor investor behavior. It sends people chasing after whoever has the hot hand at the moment. -- Barry Ritholtz
  • Active management is little more than a gigantic con game. -- Ronald Ross
  • Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers. -- Eugene Fama
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