We now have an equity fund industry that’s worth $2 trillion,
and if everyone wants their $2 trillion back
tomorrow, they’re not going to get it.
—John Bogle
The only logical reason to play the game of active
investing is that you place a high
entertainment value on the effort.
—Larry Swedroe
When you realize that you are riding a dead horse,
the best strategy is to dismount.
—Sioux Indian proverb