Active Investing Quotes

“Markets are not efficient enough to incorporate actual inherent risk, given information bias, and emotionally challenged participants. Instead, prices are adjusted up to the cumulative perceived risk of all participants.”
― Naved Abdali

“The last transaction price is the least accurate measure of the fair value.”
― Naved Abdali

“Prices are dominated by the minority, and values are governed by the majority.”
― Naved Abdali

“Most active investors fail to realize that they are part of the crowd themselves. They are trying to beat the crowd while being the crowd.”
― Naved Abdali

“Buying a mutual fund or ETF does not automatically make you a passive investor. If your mutual fund is actively managed, you are an active investor.”
― Naved Abdali

“The more investors do active trading, the more it makes sense to do passive investing.”
― Naved Abdali