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— John C. Bogle"Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains."
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Mutual fund manager performance does not persist and the return of stock picking is zero.
— William J. Bernstein
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I'm post-cynical on this stuff. I look at the El Salvador model as the glory days: Why don't we just fund the death squads secretly and keep our boys at home? That where I almost am at this point. Clearly the American military has been a force for good for the United States. There's a reason we have a standing military. But there's something to be said for having a much smaller military because then we wouldn't be tempted to get involved in things we shouldn't be getting involved in.
— Michael Hastings
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