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. SwensenThe real riches of yoga cannot be seen; they are felt and experienced from the inside out.
David F. SwensenMaybe the yogi is a parent who's a little more patient with their child, or a more compassionate coworker, or an understanding boss. Perhaps, they pick up a piece of trash that wasn't theirs, turn off a light when they're not in the room, or turn off the water while they brush their teeth, sensitive to the finite nature of our worldly resources. When we become mindful this way, there's a ripple effect. We inspire others to do the same.
David F. SwensenMost active mutual funds are more interested in collecting fees than in boosting returns for investors.
David F. Swensen