“The record of a month's roulette playing at Monte Carlo can afford us material for discussing the foundations of knowledge.” RecordsMaterialsMonthsFoundationInvestingDiscussingRouletteMonte Carlo Author:Karl Pearson
“Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times.” WellsWorstReturnHigherInvestmentInvestingExpectedBad Times Author:William Forsyth Sharpe
“You've got to quit lowering your standards. Set your requirements up front so when a guy hooks you, he has to know this is business.” KnowsSuccessGuyFaithRelationshipFrontsStandardsQuittingRequirementsHookHarveyStandards Set Author:Steve Harvey
“When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.” LooksLongEndsChanceResultsPeriodsTaxesBasesInvestingFundFeesLong Periods Of TimeIndex Funds Author:David F. Swensen
“... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.” ImportantPolicyNormalCapitalismCapacityInvestingMonetaryMonetary PolicyFiscal PolicyAmerican Capitalism Author:Warren Buffett
“The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.” AdvantageInvestingWorriedPermitInvestorsDeclineTransformingDisadvantagesUnjustified Book:The Intelligent Investor: A Book of Practical Counsel Source: The Intelligent Investor: A Book of Practical Counsel
“Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a half to ten percent compounded per year. The banks have probably given you something in the order of four to five.” YearsLongOrderGivenHalfFiveFourTenPercentInvestingFavorsNineGamblingOddsCasinos Author:Burton Malkiel
“The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.” WellsEnvironmentInformationProductsSafeCrisisInvestingFinancialCurrentsProfitableFinancial CrisisNew Products Author:Jeremy Siegel
“Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.” YearsLooksHas BeensWould BeValuesRiskIdealsInvestingToleranceNewspapersFundMutualInvestorsVansRipUps & DownsNapsMutual Fund Author:Richard Thaler
“The essence of effective portfolio construction is the use of a large number of poorly correlated assets.” UseNumbersEssenceInvestingAssetsConstructionLarge NumbersPortfolios Author:William J. Bernstein