Barry Ritholtz

“Less than 10% of active managers beat their index over 10 years, and at 20 years, it's a handful of legendary names.”

“Vanguard and BlackRock have between the two of them have $25 trillion in assets because they've dominated low cost indexing.”

“BlackRock is 13 or 14 trillion. Like these are giant, giant firms.”

“The outgoing department chair, mathematics department chair was this guy named Jim Simons — leaves to form Renaissance Technologies, the most successful hedge fund in all of history.”