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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Half a million dollars just to upgrade the car show I aint even detonate the bombs in the arsenal
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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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For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.
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If you learn only methods, you'll be tied to your methods, but if you learn principles you can devise your own methods.
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The fire you rubbed left its brand on the most vulnerable, most vicious and tender point of my body. Now I have to pay for your rasping the red rash too strongly, too soon, as charred wood has to pay for burning. When I remain without your caresses, I lose all control of my nerves, nothing exists any more than the ecstasy of friction, the abiding effect of your sting, of your delicious poison.
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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.
