Quotes by James Davis

(100) "The results of this study are not good news for investors who purchase actively managed mutual funds. No investment style generates positive abnormal returns over the 1965-1998 sample period. The sample includes 4,686 funds covering 26,564 fund-years."
- Mutual Fund Performance and Manger Style, Financial Analysts Journal 57 (2001): 19-27
(302) "While much has changed over the years, some things remain the same. There is still a strong relation between risk and expected return... Some things stand the test of time."
- Digging the Panama Canal