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— Charles R. Schwab"Most of the mutual fund investments I have are index funds, approximately 75%."
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Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.
— John C. Bogle
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... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!
— Merton Miller
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