“Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.” WayFirstsEmotionInvestmentSpeculationWrong Way Author:John C. Bogle
“The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.” DifferentStoriesValuesAbilityEmotionOpinionAdviceSucceedBehaviorJudgmentComputerProgramInvestmentConsumersInvestorsSignalsMarketplaceContagiousGood BusinessSwirlsArcaneInvestment SuccessCoupling Author:Warren Buffett
“The challenge has always been to wrest emotion out of a [doll's] face that we think of as only having one emotion. It's moving a light, moving my camera; it's just this mental investment that I make, and suddenly, everything changes. Parenthetically, I have to say, I don't particularly like dolls, nor have I ever liked them. That's something I really wanted to get out there right away.” ThinkingLightWantedFacesMovingChallengesEmotionCamerasInvestmentThings ChangeDolls Author:Laurie Simmons
“Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.” PeopleKnowsOrderLosesAbilityDecisionEmotionCuttingEmotionalDisciplineExerciseWeightMajorityInvestmentFatsDespiteAnalogiesDietingLose WeightUnsuccessful Author:Victor Sperandeo
“You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.” IfsThinkingTryingYearsHumansHuman BeingsEmotionPsychologyTerribleInvestmentResponseManageAppropriateHorizonTigers Author:William J. Bernstein
“I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.” FactsDecisionEmotionEmotionalInvestmentInvestingRationalDecision Making Author:Bill Ackman
“Of course, giving is deeply emotional. But supplementing emotion with research makes it more likely that a gift can have a bigger impact. It's like any investment. After all, you wouldn't put funds into stocks or bonds without understanding the potential return. Why wouldn't you do the same when investing in society?” GivingCoursesUnderstandingEmotionEmotionalReturnResearchBiggerImpactInvestmentInvestingFund Author:Laura Arrillaga-Andreessen