99% of fund managers demonstrate no evidence of skill whatsoever.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

An index fund is a fund that simply invests in all of the stocks in a market. So, for example, an index fund might invest in every single stock or almost every single stock in the U.S. market, it might invest in every single stock abroad, or it might invest in all of the bonds that are out there. And you can make a perfectly fine investing portfolio that mixes equal parts of all three of those.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.