William Forsyth Sharpe Quotes
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.
Quotes to Explore
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The main concern of the study is with the outline of a theoretical system. Its minor variations from writer to writer are not a matter of concern to this analysis.
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I am a registered Democrat who is determined to return my party to the proletarian principles of the Franklin D. Roosevelt era.
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The analysis of character is the highest human entertainment.
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The mental act of sensation which issues in reflex movement is so simple as to defy analysis.
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To regard all things and principles of things as inconstant modes or fashions has more and more become the tendency of modern thought.
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My biggest fear in life is to be average.
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What goes on in abstract art is the proclaiming of aesthetic principles... It is in our own time that we have become aware of pure aesthetic considerations. Art never can be imitation.
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In therapy you sit down; in analysis you lie down.
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Because the eternal principle of agency gives us the freedom to choose and think for ourselves, we should become increasingly able to solve problems. We may make the occasional mistake, but as long as we are following gospel principles and guidelines, we can learn from those mistakes and become more understanding of others and more effective in serving them.
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They're about dimes and dollars. A few dimes to you in tax cuts, many, many dollars to banks and oil companies.
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It seems hopelessly improbable that any particular rules accidentally led to the miracle of intelligent life. Nevertheless, this is exactly what most physicists have believed: intelligent life is a purely serendipitous consequence of physical principles that have nothing to do with our own existence.
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Give me a dollar or I'll spit on you.
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That was one of my most surprising discoveries when I dug into the history of average-ism: When you actually get the data, it rarely captures anyone. Which then begs the question, why are we using this as a reference standard for human beings?
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The Age of Average gave us a lot. Take clothing: We've all benefited remarkably from large, medium and small sizes making things affordable and available, but when it really counts - the wedding gown and the pressurized fighter pilot suit - it's bespoke all the way.
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When you cannot answer a skeptic, be content to wait for more light; but never forsake a great principle.
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The biggest engineering companies, like Schlumberger, Halliburton and others, have technology they spent billions of dollars developing.
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Evolution by natural selection is not an idle hypothesis. The genetic variation on which selection acts is well understood in principle all the way down to the molecular level.
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The federal government began investigating allegations of fraud against the Coalition Provisional Authority, a U.S. contractor accused in a bid-rigging operation involving millions of dollars. Asked to comment, a spokesperson for Halliburton said, 'Millions? With an M? That is adorable.'
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It's fun to look at people that are so good at acting that aren't actors, like David Bowie creating a mystique about rock n' roll.
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All you can take with you is that which you've given away.
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If something is working, don't fix it. Keep going. Go with the glow.
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All her life she'd been warned that men were slaves to their desires, that they held their impulses in barely controlled check. A woman--a lady--must be very, very careful of her actions so she did not put spark to the gunpowder that was a man's libido.
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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.
