Posts Tagged ‘fund’

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Michael Lee-Chin: Fund Managers

Posted by admin on Tuesday, August 23, 2022

Meaning of Michael Lee-Chin Money Quote: saying that fund mangers need to risk more to increase the wealth of clients than be average. Michael Lee-Chin said:
 
objective of the customer the fund managers are diversifying their assets performing close to the indexes. But that's not the way wealth is created Quote

“I’m making a case against how money managers are handling customers’ money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that’s not the way wealth is created” — Michael Lee-Chin

 

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In this quote, Michael Lee-Chin seems to be criticizing a common investment strategy used by many money managers. Some key points:

  • He argues that widely diversifying clients’ funds across hundreds of companies results in portfolio performance that merely mirrors the overall market indexes.
  • However, Lee-Chin states this approach does not truly meet the objective of the customer, which is presumably to generate wealth above index-level returns.
  • The quote implies that merely tracking the market averages through extensive diversification is not an effective way to create meaningful wealth growth for clients over the long run.
  • Lee-Chin appears to be suggesting money managers need to take on more idiosyncratic risks and concentrate holdings rather than overly diversifying, in order to outperform indexes and deliver above-average wealth creation for their investor clients.

Overall, the quote conveys Lee-Chin’s perspective that replicating broad market returns through vast diversification across many companies is not fulfilling investors’ objectives, and bolder, less diversified strategies are needed to generate true wealth rather than just matching average returns according to this view on active portfolio management.

Willard Scott: Retirement Fund

Posted by admin on Saturday, September 4, 2021

Willard Scott Money Quote saying a quality marriage can be compared to a good investment in that it appreciates over time to peak in golden years. Willard Scott said:
 
retirement fund. You put everything you have into it during your productive life, and over the years it turns from silver to gold to platinum Quote
 

“A good marriage is like an incredible retirement fund. You put everything you have into it during your productive life, and over the years it turns from silver to gold to platinum” — Willard Scott

 

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In this quote, Willard Scott seems to be using the metaphor of a retirement fund to describe the evolution and rewards of a strong marriage over time. Specifically:

  • Scott portrays a good marriage as like making significant “deposits” into a retirement account through the investments of love, commitment, sacrifice and effort one makes while in their “productive” working years of life.
  • He notes that just as investments gain value over decades, a marriage deepens and its rewards become more apparent as the years pass (“turns from silver to gold to platinum”).
  • Scott implies that just as a retirement fund provides sustenance and security in older age, the emotional, social and practical support of a healthy marriage grows more invaluable as one reaches later stages of life.

The best interpretation is that Scott believes a marriage that stands the test of time becomes an increasingly precious resource, much like a retirement account that compounds in value the longer it accrues. His quote conveys the perspective that making “deposits” into a marriage through the active years ultimately pays profound lifelong dividends according to his metaphor for marriage’s capacity to enrich all seasons of life.

Suze Orman: Paying Down Debt

Posted by admin on Thursday, July 22, 2021

Suze Orman Money Quote saying it’s best to establish a rainy day fund than to pay down credit cards. Suze Orman said:
 
emergency fund ahead of paying down credit card debt. You must, must, must pay at least the minimum due on every credit card bill Quote
 

“I want to repeat advice I have been giving ever since the pandemic began: I would prefer you put your emergency fund ahead of paying down credit card debt. You must, must, must pay at least the minimum due on every credit card bill” — Suze Orman

 

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In this quote, Suze Orman is advising prioritizing an emergency fund over paying down credit card debt during the pandemic. Her reasoning is that having cash reserves is more important than paying off credit cards when there is so much economic uncertainty.

By maintaining an emergency fund that can cover essential expenses for several months, one protects against potential job loss, medical costs, or other unexpected expenses that could arise.

As long as minimum payments are made on credit cards to avoid late fees and interest charges, focusing first on building an emergency cushion provides greater security during unstable times

Bill Gates: Early Money Fund

Posted by admin on Tuesday, April 28, 2020

Bill Gates Money Quote saying even though investing early money in multiple competing coronavirus vaccines before knowing which will succeed risks wasting, it’s worth it to avoid wasting time. Bill Gates said:
 
Our early money can accelerate things. We’re going to fund factories for all seven, just so that we don’t waste time in serially saying which vaccine works and then building the factory Quote
 

“Our early money can accelerate things. Even though we’ll end up picking at most two of them, we’re going to fund factories for all seven, just so that we don’t waste time in serially saying which vaccine works and then building the factory” — Bill Gates

 

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In this quote, Bill Gates is talking about funding to develop coronavirus vaccines. He explains that although ultimately they will likely only need two successful vaccines, by funding factories for all seven vaccine candidates simultaneously they can accelerate the process.

This is because rather than waiting serially to test each vaccine and then build a factory if it’s successful, building the factories for all candidates in parallel will save time. So in summary, Gates is saying that providing early funding for multiple vaccine development efforts, even those that may ultimately fail, can help speed up the overall process of finding safe and effective vaccines.

To Get a Money Where My Mouth Is Mask, Click the Image
Money Where My Mouth Is Mask

Kamala Harris: I’m Not a Billionaire

Posted by admin on Tuesday, December 3, 2019

Kamala Harris Money Quote saying that fundraising barriers have led to the suspension of the presidential campaign today. Kamala Harris said:
 
I’m not a billionaire. I can’t fund my own campaign. And as the campaign has gone on, it’s become harder and harder to raise the money we need to compete Quote
 

“I’m not a billionaire. I can’t fund my own campaign. And as the campaign has gone on, it’s become harder and harder to raise the money we need to compete” — Kamala Harris

 

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In this quote, Kamala Harris is explaining one of the challenges faced in running for president as someone who is not independently wealthy. She notes that unlike billionaire candidates who can self-fund their campaigns, she relies on donations from supporters to finance her bid for the White House.

Harris implies that as the campaign progresses and more money is needed for advertising, organizing events, paying staff etc., it becomes increasingly difficult to raise the large sums required to truly “compete” or be on equal footing with candidates who can draw on vast personal fortunes.

Her message conveys that the current political financing system puts non-billionaire candidates seeking office at a disadvantage unless they can attract substantial donations from the public to match the self-funding power of very wealthy individuals.

Bill Browder: Investment Fund Justice

Posted by admin on Saturday, September 9, 2017

Bill Browder Money Quote saying working to bring about justice with Putin sanctions in Russia via the Magnitsky Act is more satisfying than working as an investment fund manager. Bill Browder said:
 
Campaigning for justice more satisfying than money Quote
 

“I enjoyed my life as an investment fund manager but it does not resonate with your soul in the way campaigning for justice does. It is infinitely more satisfying fighting for justice than money” — Bill Browder

 

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In this quote, Bill Browder is reflecting on his career shift from being an investment fund manager to an advocate for justice and human rights. He acknowledges that while managing financial investments provided a good life, it did not fulfill him or “resonate with his soul” in the same way that campaigning for justice has.

Browder suggests fighting for justice through activism is “infinitely more satisfying” than pursuing money through finance work. In essence, the quote conveys Browder found greater meaning and purpose in championing human rights and working to establish justice after experiencing the limitations of focusing solely on wealth accumulation through investment management.

He appears to believe making a positive difference in the world is much more personally fulfilling than profit alone.

#WorldDayForInternationalJustice July 17

 

John Bogle: Get a Life Outside Finance

Posted by admin on Tuesday, February 28, 2017

John Bogle Money Quote saying investments shouldn’t be actively managed, but rather should be long term. John Bogle said:
 
Own an index fund, get a life outside of finance, and relax Quote
 

“Own an index fund, get a life outside of finance, and relax” — John Bogle

 

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In this quote, John Bogle seems to be advising investors to take a simple, low-cost approach to their portfolio. By recommending they “own an index fund”, Bogle is suggesting passively investing in a broad market fund that tracks the overall stock market, rather than trying to pick individual stocks or actively managed mutual funds. His additional advice to “get a life outside of finance, and relax” implies index funds require little maintenance since they aim to match the market return.

The best interpretation is that Bogle believed indexing was a stress-free way for average investors to achieve adequate returns without excessive effort or concern over short-term fluctuations in the market. This quote encapsulates his advocacy for accessible, affordable investment options that allow people to focus more on enjoying their lives than obsessing over money.

 

Birthday May 8, 1929 – Died January 16, 2019

 

Aaron Swartz: Think Lunatics With Money

Posted by admin on Thursday, October 6, 2016

Aaron Swartz Money Quote saying nutty political positions can easily be studied by think tanks dedicated to their wealthy funders ideas. Aaron Swartz said:
 
Nonprofits are small enough and rich people are wealthy enough that it only takes a handful of lunatics with money to fund a whole forest of think tanks Quote
 

Nonprofits are small enough and rich people are wealthy enough that it only takes a handful of lunatics with money to fund a whole forest of think tanks” — Aaron Swartz

 

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In this quote, Aaron Swartz seems to be critiquing how a small number of wealthy individuals can have outsized influence over policy debates and discussions through targeted funding of nonprofit organizations and think tanks. Some key points:

  • He notes that nonprofits are generally “small enough” that they don’t require massive budgets to operate, while certain “rich people are wealthy enough” to easily fund larger amounts.
  • Swartz argues that with this funding dynamic, only a small group of “lunatics with money” are needed to financially support “a whole forest” of think tanks and policy-focused nonprofits.
  • This implies that just a handful of very wealthy donors can in effect “buy” a large amount of intellectual real estate in the nonprofit sector through targeted donations.

Overall, the quote conveys Swartz’s view that the nonprofit world is vulnerable to being heavily shaped by the narrow ideological agendas or pet issues of a tiny number of extremely wealthy individuals, since nonprofits are relatively inexpensive to substantially influence through large donations.

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