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It's like giving up a belief in Santa Claus.

Burton Malkiel

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Burton Malkiel
Age: 92
Born: 1932
Born: August 28
Author
Economist
University Teacher
Writer
Boston
Massachusetts
Burton Gordon Malkiel
Claus
Santa
Investing
Belief
Giving
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More quotes by Burton Malkiel

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Never buy anything from someone who is out of breath.
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A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.
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Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately.
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I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.
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Trust in time rather than timing.
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