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— Harriet Elizabeth Prescott Spofford"I am the one rich thing that morn Leaves for the ardent noon to win; Grasp me not, I have a thorn, But bend and take my being in."
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Two things, almost incompatible, are united in me in a manner which I am unable to understand: a very ardent temperament, lively and tumultuous passions, and, at the same time, slowly developed and confused ideas, which never present themselves until it is too late. One might say that my heart and my mind do not belong to the same person.
— Jean-Jacques Rousseau
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Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market.
— Jonathan Clements
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