1. Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research. -Peter Lynch
2. If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds. -Peter Lynch
3. The most popular investing products are the worst ones for investors. -Robert Rolih
4. A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions. -Venita VanCaspel
5. The principal role of the mutual fund is to serve its investors. -John C. Bogle
6. Most of the mutual fund investments I have are index funds, approximately 75%. -Charles R. Schwab
7. There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees. -Benjamin Graham
8. I just don't like mutual funds. I think they're a rip-off. -Robert Kiyosaki
9. Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks. -Ron Chernow
10. The greatest fear of a professional investor, who manages money for a living, is capital withdrawals at the wrong time. -Naved Abdali
11. Most active mutual funds are more interested in collecting fees than in boosting returns for investors. -David F. Swensen
12. There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so. -Jim Cramer
13. How many millionaires do you know who have become wealthy by investing in stocks, bonds, mutual funds or savings accounts? Income property is the most historically proven asset class in America, if not the entire world. I rest my case. -Jason Hartman
14. Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market. -Ron Chernow
15. There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so. -Jim Cramer
16. To make the most of your money, I recommend sticking with mutual funds that don’t charge a commission when you buy or sell. -Suze Orman
17. Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in asset markets and diversify their holdings. -Janet Yellen
18. The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing. -Tony Robbins
19. If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement. -Robert Kiyosaki
20. Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country. -Charlie Munger
21. Annual performance means nothing to individual investors. -Naved Abdali
22. The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund. -Alex Berenson
23. I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results. -Kenneth Fisher
24. The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification. -Ron Chernow
25. The ability to create same day straight through processing of mutual fund trades is a matter of will. -Kenneth C. Griffin
26. The mutual fund industry has been built, in a sense, on witchcraft. -John C. Bogle
27. The correct period to judge performance is from a market peak to another peak or at least to the next all-time high. -Naved Abdali
28. Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds. -Michael Steinhardt
29. A 401(k) is essentially a basket of mutual funds intended to help people save for retirement. -Mary Pilon
30. The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform. -Ron Chernow
31. Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks. -Scott D. Cook
32. The market’s long-term trajectory is upward, which is the only direction the market can go over a long period. -Naved Abdali
33. The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away. -Fabrizio Moreira
34. Mutual fund manager performance does not persist and the return of stock picking is zero. -William J. Bernstein
35. Professional money managers are worried about their annual results and may take irrational decisions to protect their performance record. Individual investors have nobody to report, and yearly performance does not mean anything to them. -Naved Abdali
36. A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance. -Michael LeBoeuf
37. Buying a mutual fund or ETF does not automatically make you a passive investor. If your mutual fund is actively managed, you are an active investor. -Naved Abdali
38. In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results. -Paul Samuelson
39. Index funds are the only rational alternative for almost all mutual fund investors. -Mark Hulbert
40. What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers. -Ron Chernow
41. If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement. -Robert Kiyosaki
42. Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors. -John C. Bogle
43. There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles. -Jim Cramer
44. I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way. -John C. Bogle
45. And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that. -Michael Bloomberg
46. Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance. -John C. Bogle
47. Move your personal investments and retirement funds to socially responsible investment (SRI) funds that support only those corporations that uphold higher standards of behavior. Returns on SRI funds are usually equal to, if not better than, many of the well-known traditional mutual funds. -Simon Mainwaring
48. Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility. -David F. Swensen
49. Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money. -Gary Weiss
50. Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market. -Jonathan Clements
51. I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance. -Burton Malkiel
52. There were two qualities about the mutual funds of the 1920s that made them extremely speculative. One was that they were heavily leveraged. Two, mutual funds were allowed to invest in other mutual funds. -Ron Chernow
53. Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud. -Michael Lewis
54. Where I'm from we don't trust paper. Wealth is what's here on the premises. If I open a cupboard and see, say, thirty cans of tomato sauce and a five-pound bag of rice, I get a little thrill of well-being - much more so than if I take a look at the quarterly dividend report from my mutual fund. -Garrison Keillor
55. What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers. -Ron Chernow
56. A major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. The wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013. -Janet Yellen
57. The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike. -John C. Bogle
58. During my undergraduate training at UCLA, I was studying finance and securities; my particular interest was with mutual funds. Wanting to get into a high position at some of the companies that were doing that, I knew that law would be useful. -Robert Shapiro
59. Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance. -Richard Thaler
60. Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us. -John C. Bogle
61. I've been studying mutual funds since 1949, when I began researching my senior thesis at Princeton University. -John C. Bogle
62. You don't date an annuity, you marry it. An annuity isn't a mutual fund that you buy today and sell tomorrow. Nor is it a certificate of deposit, ready for any new use at maturity. When you buy an annuity, you are making (or ought to be making) a 15- or 20-year commitment, at least. -Jane Bryant Quinn
63. Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors. -Joel Spolsky
64. The least punk thing I ever did was open a money market account. Blue chip stocks. Mutual funds. They're a very safe and dependable way to grow your money long-term. -Benji Madden
65. We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients. -John C. Bogle
66. True love is unconditional. And if it is a 'Conditions Apply' scenari, then it isn't true love. It is as good as a mutual fund. -Ravinder Singh
67. I've not found ! one single mutual fund, one single real estate investment, any gold, silver or anything else that has given me higher returns than: me investing in myself. -Patrick Bet-David
68. The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund. -Alex Berenson
69. Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from. -Robert Kiyosaki
70. Affected hundreds of thousands of ordinary Canadians who have invested in mutual funds that invest in income trusts. -Ralph Goodale
71. If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities. -Uday Kotak
72. I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy. -Kevin O'Leary
73. Move your personal investments and retirement funds to socially responsible investment (SRI) funds that support only those corporations that uphold higher standards of behavior. Returns on SRI funds are usually equal to, if not better than, many of the well-known traditional mutual funds. -Simon Mainwaring
74. The Analytical Engine might act upon other things besides number, were objects found whose mutual fundamental relations could be expressed by those of the abstract science of operations, and which should be also susceptible of adaptations to the action of the operating notation and mechanism of the engine… Supposing, for instance, that the fundamental relations of pitched sounds in the science of harmony and of musical composition were susceptible of such expression and adaptations, the engine might compose elaborate and scientific pieces of music of any degree of complexity or extent. -Ada Lovelace
75. In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales. -Carol Loomis
76. Mutual funds are an overrated investment heavily promoted by Wall Street. -Peter Schiff
77. Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror. -Frank Gaffney
78. The corporate killer downsizing is directly responsive to what the mutual funds have wanted. -Jim Cramer
79. I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons. -Ron Chernow
80. Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing. -Alex Berenson
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