Investment Management Quotes:

In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.

- Warren Buffett

topic: Fields, Measurement, Dollars, Investment Management, Involving

The essence of investment management is the management of risks, not the management of returns.

- Benjamin Graham

topic: Essence, Risk, Investing, Investment Management, Risk Management

The most treasured asset in investment management is a steady hand at the tiller.

- Robert D. Arnott

topic: Hands, Management, Investment, Steady Hands, Investment Management

The fundamental work of investment management is filtering. The question is what do you filter.

- Donald Luskin

topic: Fundamentals, Filters, Management, Investment Management

Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

- David F. Swensen

topic: Responsibility, Organization, Systematic, Index Funds, Investment Management

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

- Charlie Munger

source: "Charlie Munger: The Complete Investor". Book by Tren Griffin, September 15, 2015.

topic: Men, Thinking, Practice, Investment Management, Lemmings

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

- Daniel Kahneman

source: "Thinking, Fast and Slow". Book by Daniel Kahneman, October 25, 2011.

topic: Skills, Culture, Aberration, Investment Management

People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.

- Warren Buffett

topic: Golf, Skills, People, Investment Management, Management Skills

I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish." Investment managers are in the position of that fishing tackle salesman.

- Charlie Munger

source: "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management and Business". Charlie Munger's lecture to the students at the University of Southern California in Los Angeles, 1994.

topic: Thinking, Fishing, Purple, Investment Management

In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women

- Charlie Munger

topic: Crazy, Winning, Feet, Investment Management

There's more honor in investment management than in investment banking.

- Charlie Munger

topic: Honor, Banking, Management, Investment Management, Investment Banking

The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.

- John C. Bogle

topic: Years, Two, People, Investment Management, Money Management

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business

- Charlie Munger

topic: Lessons, Management, Investment, Worldly Wisdom, Investment Management

I was an ambassador for Betway during the Rugby World Cup and at the moment I'm working as an ambassador for Artemis Investment Management. I also organised the first Rugby Aid in 2015. We had celebrities playing rugby against former England team players and raised a ton of money for Rugby For Heroes [a charity for former servicemen and women]. Only one celeb got crunched quite badly - Jaime Laing from Made in Chelsea ended up with cracked ribs.

- Mike Tindall

topic: Team, Hero, Player, Chelsea, Investment Management