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Quotes of the Week

March 22, 1999

When all is said and done, the big winner may be the World Wide Web: As consumers become more accustomed to conducting business over the Internet and fund companies develop online access to their products -- mainly to cut out the expense of middlemen such as brokerage firms and fund supermarkets -- the Web could become a real threat to many financial planners.
Sandra Ward in Passive Aggressive $$ from Barron's (3/22/99)

Mutual funds are like teenagers. The older they get, the harder they are to understand.
Jonathon Clements in Debunking Certain Myths Surrounding Mutual Funds $$ from The Wall Street Journal (3/16/99)

If you have not acquired more than a bare existence in the years since we were youths, it is because you either have failed to learn the laws that govern the building of wealth, or else you do not observe them.
Arkad, The Richest Man in Babylon

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