"I should mention that I am a member of the board of directors of Dimensional Fund Advisors."
"If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful... but they're really not."
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Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers by Peter J. Tanous, (p. 267), 1999.
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