99% of fund managers demonstrate no evidence of skill whatsoever.
Any manager can do well in an expanding market.
The guy who says, 'I love the challenge of managing,' is one step from being out of a job.
I try to remind people, whether you have a growth manager or a value manager, you're going to go through cycles where you think you have a village idiot.
If a manager can't control his costs, fire them.
Managers lose more than they win until they get to the big 10 clubs; then, they start winning a bit more than they lose.
I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.
Wenger has won three Premier League titles, which is proof enough of his standing as a manager.
There are a lot of idiot fund managers out there who add no value to the process at all.
Mutual fund manager performance does not persist and the return of stock picking is zero.
