Big financial players agree with our thinking.
Each of these quotes point toward indexed strategies as the key to
investment success.
- “If you aren’t willing to own a stock for 10 years, don't even think about owning it for 10 minutes.”
- Warren Buffet, CEO of Berkshire Hathaway and Second Richest Man in the United States
- “The sad truth is that over the past five years fewer than one stock fund in four beat the unmanaged S&P 500 while an astonishing 76% did worse. This means quite literally that the overwhelming majority of these money managers are getting their megabuck salaries for reducing our returns.”
- Louis Rukeyser, Economic Guru and Thirty-Year Host of Wall Street Week
- “Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. are about to reward their 173,000 employees with $36 billion in bonuses. The average windfall for each individual at the five largest U.S. securities firms will be enough to buy a $165,000 Bentley Continental GT — the two-door coupe favored by Paris Hilton and Cher. They’ll have plenty of change for a box of Romeo y Julieta cigars and a case of Pol Roger champagne — the stuff enjoyed by Winston Churchill, Britain’s prime minister in the 1940s and 1950s. This year will be the best ever for the major brokerage firms.”
- Bloomberg News
- “The idea you can beat the indices over time is a fairy tale.”
- Money Magazine