“Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor.” HumansFactsLawSufferingThreeWishSimpleEconomicBehaviorPercentEconomicsInvestingEnvyPhysicsPsychologicalEndeavorCaptureDisorderEconomistLaws Of NatureCapturedPsychological Disorders Author:Andrew Lo
“Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.” WantWellsStillsMightFansFiguresBehaviorPercentInvestingInternationalActiveSellingBuyingFundInvestorsSensibleEfficientDiscouragingPortfoliosBuying And SellingIndex Funds Author:Paul Samuelson
“Getting along with the gang in one place is not any harder than getting along in another. It depends about 98 percent on your own behavior.” DependsBehaviorPercentHarderGangGetting Along Author:Norman Vincent Peale
“You know, people tend to get stereotyped for about forty percent of their behavior, so if you're completely crazy forty percent of the time you'll get stereotyped as crazy, even if you're totally boring thirty percent of the time and just studious the other thirty percent of the time.” PeopleIfsKnowsCrazyBehaviorPercentBoringThirtyFortyStudious Author:Irvine Welsh
“The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.” BehaviorNewsPercentFinanceGood NewsRocketsPersonal FinanceRocket Science Author:Dave Ramsey