Somehow people look at the performance of the average mutual fund manager and say, 'It's underperforming the superstar of the market, which is the SP index in the past few years, therefore I can do as well,' ... That's a fallacy. You may be able to do very well, but the fact that the average fund manager is doing worse than average does not mean he's stupid, and his stupidity doesn't make you smart.
More Quotes from Jason Zweig:
If a company has stable earnings quarter after quarter, ... and each quarter its earnings go up another penny, and then all of a sudden, they don't go up anymore, investors go nuts.Jason Zweig
We come with this built-in prediction addiction, ... Brain research shows that you're going to try to outsmart the market whether you can or not.
Jason Zweig
There's no doubt that a lot of this wheeling and dealing has been spurred by the lifting of many of the federal restrictions that were imposed on the utility industry during the Great Depression.
Jason Zweig
People are attracted to stocks that move. The thing that these kinds of speculators, and I'm not going to call them investors, what these speculators are seeking is action.
Jason Zweig
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Here is God's purpose - for God, to me, it seems, is a verb not a noun, proper or improper.
R. Buckminster Fuller
If I move one way, I lose a couple votes. If I move another way, I lose a couple votes.
Charles Grassley
So we take a lot of pride in that. It's really on us to turn this thing around. I think this last month we've done just that. We've pointed ourself in the direction that we want to be, and I think we're starting to head towards that. Right now we're in a nice rhythm.
Kevin Garnett