Quotes

Quotes by William Sharpe

(6)
(255) "Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement."
1991
- "The Arithmetic of Active Management"
(251) "Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times."
June 2007
- Nobel Laureate in Economics, 1990, Stanford Professor of Economics, as quoted in Money Magazine's July, 2007 issue
(253) "Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times."
July 2007
- Nobel Laureate in Economics, 1990, Stanford Professor of Economics, as quoted in Money Magazine
(254) "Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times."
July 2007
- Nobel Laureate in Economics, 1990, Stanford Professor of Economics, as quoted in Money Magazine
(363) "What if your advisor talks only about returns, not risk? ...It's his job to take risk into account by telling you the range of possible outcomes you face. If he won't, go to a new planner, someone who will get real."
June 2007
- Money Magazine
(252) "What if your advisor talks only about returns, not risk? ...It's his job to take risk into account by telling you the range of possible outcomes you face. If he won't, go to a new planner, someone who will get real."
June 2007
- Money Magazine