Quotes

Quotes by Walter Bettinger

(7)
(335) "Almost all of us should act as if prices are right. "
2005
- CFA Magazine, Sep/Oct 2005, p. 49
(283) I think that if you are an investor, you can definitely get a fair shake in the market. An investor is someone who has a plan, takes a long-term perspective, is not trying to guess and is not trying to time. If you are someone who believes that you are going to beat the market by timing it, by guessing, by trading on a highly frequent basis, you must be exceptional. While there are some people who are exceptional, they are a very, very tiny percentage.
11-Nov-13
- Speech to National Press Club on Retirement Planning
(285) I always put it this way when somebody asks me about the market. If somebody tells you that they have a solid prediction as to the short-term direction of the market, run fast! Why? Because if they did, they ain’t sharing it with you!
11-Nov-13
- Speech to National Press Club on Retirement Planning
(280) The major service providers in the 401(k) world are principally asset managers who specialize in managing actively managed funds. That means that they charge anywhere between 0.75% and 2.0% per year to try to beat the market. Now we all know that study after study shows that only a tiny percentage of asset managers can actually beat the market, and an even tinier percent can do it year after year.
11-Nov-13
- Speech to National Press Club on Retirement Planning
(281) This idea of beating the market does not need to be part of 401(k) plans. The goal in a 401(k) shouldn’t be beating the market. The goal should be offering a secure retirement with consistent performance.
11-Nov-13
- Speech to National Press Club on Retirement Planning
(282) Many of them [plan consultants] make their fees by telling employers that they are wise enough to select, monitor, and suggest replacements among these active managers that they somehow know which are the funds that are going to beat the market. Why do they hate what I am talking about today? Because no consultant is needed to monitor index funds—they simply perform at the index. The idea is simple—it is called self-preservation.
11-Nov-13
- Speech to National Press Club on Retirement Planning
(284) In the financial services industry, if you will simply do the right thing by your client, you will win.
11-Nov-13
- Speech to National Press Club on Retirement Planning