Hinder Asset Management

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Hinder Asset Management AG
Talacker 35
8001 Zurich
P: +41 44 208 24 24

Index investments

«Ten thousand money managers all look equally good or bad. Each expects to do 3% better than the mob. Each has put together a convincing story. After the fact, hardly 10 out of 10,000 perform in a way that convinces an experienced student of inductive evidence that a long-term edge over indexing is likely...
It may be the better part of wisdom to forsake searching for needles that are so small in haystacks that are so very large.»

Paul Samuelson, Nobel Laureate
«All the time and effort that people devote to picking the right fund, the hot hand, the great manager, have in most cases led to no advantage. Unless you were fortunate enough to pick one of the few funds that consistently beat the averages, your research came to naught. There's something to be said for the dart-board method of investing: buy the whole dart board.»
Peter Lynch, Legendary Manager of Fidelity Magellan
«Most of the mutual fund investments I have are index funds, approximately 75%.»
Charles Schwab
«Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement.»
William F. Sharpe, Professor of Finance, Nobel Laureate
«Professor William Sharpe noticed, as anyone else could have noticed, that if you add up everyone in the marketplace, by definition their average return is the market return. That just overwhelmed institutional investors.»
Barr Rosenberg
«The statistical evidence proving that stock index funds outperform between 80% and 90% of actively managed equity funds is so overwhelming that it takes enormously expensive advertising campaigns to obscure the truth from investors. In fact, one of the reasons that actively managed equity funds underperform stock index funds is because they are spending so much money to advertise - money that otherwise would be invested on behalf of the mutual fund shareholders.»
Internet Advisor, "The Motley Fool"