YouSaid · the spoken record

Charles D. Ellis

lines on the record: 105
first: 2017-04-13
most recent: 2017-04-13
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Was wonderful. And the second thing that's big, big change is it used to be it was professionals who had access to really good research. A small fraction of the market competing against large numbers of amateurs who bought and sold once every year or two didn't candidly no an awful lot. Now it's been reversed, now ninety five or more of trading on the New York Exchange is either either”
2017-04-13 · Masters in Business · Charles D. Ellis Interview (Replay):Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Massive change in virtually every variable. Just for an example, if you go back 50 years ago, there might have been 5,000 people involved in active investing. Now there are at least a million people involved and they're smart, well-educated. They've all got exactly the same tools, computers, access to the internet, Bloomberg terminals, and they've all got access to the same information because the SEC requires public companies to give everybody all the information they give to anybody.”
2017-04-13 · Masters in Business · Charles D. Ellis Interview (Replay):Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, one thing that I would use to describe winning is doing better than most of the other people at whatever it is you're trying to do. Operationally, year after year after year, over the long term, indexing does better today than active investing. That wasn't the case twenty five or thirty years ago, but it is the case today.”
2017-04-13 · Masters in Business · Charles D. Ellis Interview (Replay):Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But when I was growing up we read the little engine that could, and we were told if you study harder, you'll get better grades. And when I got a job, I was told if you work hard, you'll get a raise. You might even get a bonus. Everything about our lives. You want to learn the piano? Time practicing. You want to learn how to play tennis? Practice, practice, practice. Everything has to do with do more, work harder, and you'll do better. So we come to investing and say, fine, I'm ready to go. Where do I get a chance to do better? I'm going to work hard. Somebody says, you know, I wouldn't bother doing that. Why don't you just settle for average? Nobody wants to be average Nobody wants to settle, and the word passive is a horrible negative. Can you imagine your wife or husband introducing you as this is my spouse? Passive.”
2017-04-13 · Masters in Business · Charles D. Ellis Interview (Replay):Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I really believe in getting the word out. And I've had an unbelievable privilege as an insider in the investment management world. I've had a chance to meet with people all over the world and talk and talk and talk with them about what's going on. And once you get a really good idea of what's going on, you realize indexing makes so much sense for so many people. Everybody should seriously consider it, and most people should do it. So, how do you help? Write a short book that's easy to read and see if you can attract attention.”
2017-04-13 · Masters in Business · Charles D. Ellis Interview (Replay):Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source