-
[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.
![[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker. - Charlie Munger](https://www.azquotes.com/picture-quotes/quote-with-closet-indexing-you-re-paying-a-manager-a-fortune-and-he-has-85-of-his-assets-invested-charlie-munger-140-99-34.jpg "[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker. - Charlie Munger")
Cite this Page: Citation
Popular Topics
Related Authors
-
Warren Buffett Investor -
Benjamin Graham Investor -
Bill Ackman Hedge fund manager -
Jared Fogle Spokesman -
Mohnish Pabrai Investor -
Seth Klarman Author -
Satya Nadella Executive