Fees Quotes - Page 7

• Let us not compare Edward Snowden's situation with that of Chelsea Manning or Jeremy Hammond, who is also imprisoned in the United States. As a result of WikiLeaks' hard work, Edward Snowden has political asylum, has travel documents, lives with his girlfriend, goes to the ballet and earns substantial speaking fees. Edward Snowden is essentially free and happy. That is no coincidence. It was my strategy to undo the chilling effect of the 35 year Manning sentence and it has worked.

  Julian Assange

  Girlfriend, Hard Work, Years

  "We Believe in What We're Doing". Interview with Michael Sontheimer, www.spiegel.de. September 30, 2016.

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• Suppose you were a real estate investor with a 1/3 interest in the best apartment complex in town, the best mall, and the best office building. Would you feel like a poor, undiversified investor? No! But as soon as you get into stocks, people feel this way. Partly, people need to justify their fees.

  Charlie Munger

  Real, Office, People

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• If fees consume more than 1% of your assets annually, you should probably shop for another adviser.

  Benjamin Graham

  Investing, Assets, Should

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• There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.

  Benjamin Graham

  Responsibility, Investing, Shame

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• When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.

  David F. Swensen

  Long, Looks, Investing

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• Most active mutual funds are more interested in collecting fees than in boosting returns for investors.

  David F. Swensen

  Investing, Return, Mutual Fund

  "Yale’s Swensen Says Index Funds Best Plan for Most Investors" by Kelly Bit, www.bloomberg.com. January 31, 2012.

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• Is there no hope? the sick man said, The silent doctor shook his head, And took his leave with signs of sorrow, Despairing of his fee to-morrow.

  John Gay

  Men, Doctors, Medicine

  Fables (Series 1), Fable 27

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• For over 1,700 years, the Jews have been bewailing their sad fate in that they have been exiled from their homeland, as they call Palestine. But gentlemen, did the world give it to them in fee simple, they would at once find some reason for not returning. Why? Because they are vampires, and vampires do not live on vampires. They cannot live only among themselves. They must subsist on Christians and other people not of their race.

  Benjamin Franklin

  Christian, Fate, Simple

  Misattributed to Benjamin Franklin. "The Franklin Prophecy: An Anti-Semitic Hoax Gets New Life on the Internet" by Jeffrey Belodoff and Elyce Milette, www.jewishpost.com.

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• Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.

  Anne Campbell

  Average, Years, Cost

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• Why do banks charge you a "non-sufficient funds fee" on money they already know you don't have?

  Steven Wright

  Funny, Money, Humor

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• Letting agencies are unregulated. They charge a search fee, which in some cases can run into several hundred pounds, but the search consists of no more than checking through a computer database to see whether they have any properties for that person.

  Jeremy Corbyn

  Running, Agency, Databases

  House of Commons Debate, www.publications.parliament.uk. February 26, 2013.

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• I got an E-Trade account. Turns out I can turn $1,000 into $420 in less than a week. Sure, I had to pay some fees.

  Mike Birbiglia

  Funny, Humor, Pay

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• I told my doctor I got water on my knee, he gave me a sponge and raised his fee!

  Rodney Dangerfield

  Funny, Humor, Doctors

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• I like the aspect of technology. For me to spin the way I do, I would have to carry five crates of records with me everywhere I go, which in this day and age would be like two hundred extra dollars in baggage fees. All I need now is a hard drive and a computer and I can rock anywhere in the world.

  Neil Armstrong

  Technology, Two, Rocks

  Source: www.djbooth.net

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• When I lost my faith in people I put my trust in things To avoid the disappointment Trusting people brings... I tried to do it all myself then Surrounded by my stuff All I found were limitations I could not rise above There are gadgets and contraptions Immaculate machines There's a program you can download now That will even dream your dreams It'll even dream you dreams For a monthly fee Clear up your complexion You get a hundred hours free Possessions cannot save you.

  John Gorka

  Dream, Disappointment, People

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• He made the earth first and peopled it with dumb creatures, and then He created man to be His overseer on the earth and to hold suzerainty over the earth and the animals on it in His name, not to hold for himself and his descendants inviolable title forever, generation after generation, to the oblongs and squares of the earth, but to hold the earth mutual and intact in the communal anonymity of brotherhood, and all the fee He asked was pity and humility and sufferance and endurance and the sweat of has face for bread.

  William Faulkner

  Humility, Men, Animal

  Francis Lee Utley, William Faulkner, Lynn Z. Bloom, Arthur F. Kinney (1971). “Bear, man, and God: eight approaches to William Faulkner's The bear”, Random House Inc

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• I know you lawyers can with ease, Twist words and meanings as you please; That language, by your skill made pliant, Will bend to favour every client; That 'tis the fee directs the sense, To make out either side's pretense.

  John Gay

  Skills, Twists, Ease

  John Gay, Marcus Walsh (2003). “Selected Poems”, p.85, Taylor & Francis

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• Government can only do two things: It can beat people up and kill them. Or it can threaten to do so. When it seems to be doing something else - for example, handing out money or, say, surplus cheese - what's actually going on is that something has been taken away from one set of individuals by deadly force or the threat of deadly force, a hefty middleman's fee deducted, and whatever is left thrown to peasants delighted to receive stolen goods.

  L. Neil Smith

  Taken, Government, Two

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• For him who fain would teach the world The world holds hate in fee- For Socrates, the hemlock cup; For Christ, Gethsemane.

  Don Marquis

  Hate, Fate, World

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• Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees.

  Richard Thaler

  Retirement, Credit, Debt

  Source: bigthink.com

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• Our standard prescription for the know-nothing investor with a long-term time horizon is a no-load index fund. I think that works better than relying on your stock broker. The people who are telling you to do something else are all being paid by commissions or fees. The result is that while index fund investing is becoming more and more popular, by and large it's not the individual investors that are doing it. It's the institutions.

  Charlie Munger

  Thinking, Long, People

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• Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected.

  Richard Thaler

  Real, Use, Credit

  Source: bigthink.com

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• Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial portfolio turnover tend to reduce investment yields. Many people will find the guarantee of playing the stock-market game at par every round a very attractive one. The index fund is a sensible, serviceable method for obtaining the market's rate of return with absolutely no effort and minimal expense.

  Burton Malkiel

  Yield, Games, People

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• What woman would not appreciate a God who becomes her attorney, assumes her case, requires no fee, and wins her the victory?

  T. D. Jakes

  Winning, Appreciate, Victory

  T. D. Jakes (2000). “The Lady, Her Lover, and Her Lord”, Berkley

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• The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.

  Charlie Munger

  Intelligent, Growth, Investing

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