William Forsyth Sharpe Quotes:
Ocupation: Economist
Life: b. June 16, 1934
Birthday: June 16
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.
source: "Do You Want to Be Just Average?" by Larry Swedroe, www.cbsnews.com. June 9, 2010. 
topic: Average, Analysis, Cost, Active Management
