The brokerage and mutual fund business form a financial col… - William J. Bernstein

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The brokerage and mutual fund business form a financial colossus that bestrides modern financial, and increasingly, social and political life.

William J. Bernstein

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About William J. Bernstein

William J. Bernstein (born 1948) is an American financial theorist. He is known for his research in the field of modern portfolio theory and for his finance books for individual investors who wish to manage their own equity portfolios. He lives in Portland, Oregon.

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Journalism attracts people with exceptional linguistic talent, but I have found that very few have the mathematical sophistication to appreciate the difference between skill and luck.

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when a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.

The brokerage and mutual fund business form a financial colossus that bestrides modern financial, and increasingly, social and political life. - William J. Bernstein

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