Physician Advising Quote #53

“An actively managed mutual fund has a manager who tries to buy the good securities and avoid the bad ones. A passively managed mutual fund has a manager (mostly a computer) who just buys all the securities and keeps costs as low as possible.”
Jim Dahle, M.D.

Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.

General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.