In finance as in life, there is often a huge chasm between what is expected and what actually transpires. - William J. Bernstein

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In finance as in life, there is often a huge chasm between what is expected and what actually transpires.

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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.

Also Known As

Alternative Names: William Bernstein Bill Bernstein

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Additional quotes by William J. Bernstein

In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California Public Employees Retirement System (CALPERS), which manages an astounding $170 billion. These plans receive a level of professional management that even the nations wealthiest investors can only dream of.

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