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When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.
David F. Swensen
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David F. Swensen
Age: 67 †
Born: 1954
Born: January 26
Died: 2021
Died: May 5
Teacher
Ames
Iowa
David Frederick Swensen
Almost
Beating
Chance
Fund
Ends
Investing
Look
Basis
Looks
Bases
Long
Periods
Index
Time
Taxes
Reasonably
Results
Fees
More quotes by David F. Swensen
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.
David F. Swensen
My first encounter with yoga was in 1969 with my older brother Doug. I was thirteen years old, and he was eighteen. He'd learned about yoga in California on a surfing trip, and when he came back to Houston, Texas, he introduced me to this new stuff he'd learned. I'll always be grateful for that positive influence at an early age.
David F. Swensen
I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? For every smart person on one side of the question, there is another smart person on the other side.
David F. Swensen
I've worked many jobs throughout my life, which has ultimately enhanced my appreciation for the opportunity to teach yoga and share something so positive.
David F. Swensen
My attitude about teaching has always been the same. From early on, I wanted to make yoga accessible so that anyone, regardless of ability, could experience its wonder, joy, and power. I encourage students to question, learn, and develop their own personal practice.
David F. Swensen
Practicing yoga is a constant evolution. The Ashtanga system can appear very rigid, with its predetermined sequences, but actually there's great freedom within its structure. From the repetition, we learn to find depth in the minutiae of the actions and the wonder of breath and prana.
David F. Swensen
That which works is authentic. It's a practical truth. What really matters is that we find benefit, regardless of whether it's an ancient traditional approach or some new version, popular or obscure.
David F. Swensen
I think regular Iowans are cynical of this whole idea of corporate welfare, with the biggest awards going to the most profitable companies. It doesn't make sense.
David F. Swensen
Don't let what other people say disturb your mind. Be happy.
David F. Swensen