Quotes by Author: Walter Bettinger

Walter Bettinger

I think that if you are an investor, you can definitely get a fair shake. An investor is someone who has a plan, takes a long-term perspective, is not trying to guess and not trying to time. If you are someone who believes that you are going to beat the market by timing it, by guessing, by trading on a highly frequent basis, you must be exceptional. And there are some people who are exceptional at that, but that is a very, very tiny percent

- National Press Club Luncheon with Walter W. Bettinger, p16

Step 4

Walter Bettinger

I always put it this way when someone asks me about the market. If someone tells you that they have a solid prediction as to the shortterm time frame of the market, run fast. Why? Because if they did, they ain't sharing it 18 with you.

- National Press Club Luncheon with Walter W. Bettinger, p17-18

Step 4

Walter Bettinger

... in financial services, maybe more so than any other industry, if you will simply do the right thing by your clients, I think you win.

- National Press Club Luncheon with Walter W. Bettinger, p16

Step 12

Walter Bettinger

The major service providers in the 401(k) world are principally asset managers who specialize in managing actively managed funds. That means that they charge anywhere between 0.75% and 2.0% per year to try to beat the market. Now we all know that study after study shows that only a tiny percentage of asset managers can actually beat the market, and an even tinier percent can do it year after year.

- National Press Club Luncheon with Walter W. Bettinger, p8

Step 12

Walter Bettinger

This idea of beating the market does not need to be part of 401(k) plans. The goal in a 401(k) shouldn’t be beating the market. The goal should be offering a secure retirement with consistent performance.

- National Press Club Luncheon with Walter W. Bettinger, p8

Step 12

Walter Bettinger

Many of them [plan consultants] make their fees by telling employers that they are wise enough to select, monitor, and suggest replacements among these active managers that they somehow know which are the funds that are going to beat the market. Why do they hate what I am talking about today? Because no consultant is needed to monitor index funds—they simply perform at the index. The idea is simple—it is called self-preservation.

- National Press Club Luncheon with Walter W. Bettinger, p8

Step 12

Quotes

Quotes by Walter Bettinger (6)