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Portfolios Quotes

Browse 144 quotes about Portfolios.

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Portfolios Quotes

“I think a portfolio standard should go beyond wind, solar and geothermal energy to include renewable energy like hydropower and clean alternatives such as coal gasification, clean coal, nuclear energy and, finally, credits for achieving new levels of efficiency and conservation.”

ThinkingShouldEnergyLevelsAchieveWindStandardsCleanCreditNuclearAlternativesEfficiencyConservationCoalCleanlinessRenewable EnergyPortfoliosNuclear EnergyGeothermalGeothermal Energy
Author:Pete Domenici
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“I have no little insight into the feelings of furniture, and treat books and prints with a reasonable consideration. How some people use their pictures, for instance, is a mystery to me; very revolting all the same--portraits obliged to face each other for ever--prints put together in portfolios.”

PeopleLittlesBookUseFeelingsTogetherFacesMysteryTreatsInsightInstanceReasonableConsiderationPrintPortraitsFurnitureObligedPortfolios
Book:Love Letters of Robert Browning and Elizabeth Barrett Barrett
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“The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.”

YearsWellsImportantLightPastLevelsCommonShareProveStandardsDefinedReasonableFiftyRepresentativesProfitablePortfoliosPast Experiences
Book:The Intelligent Investor: A Book of Practical Counsel
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“The whole movie thing has never been a source of great pride for me, in that Burt Reynolds, who starred in the picture, butchered the original script I had written for the late Steve McQueen, and the result, while a massive moneymaker, was lashed by the critics. But like the old joke about Pierre the Bridge Builder, The Cannonball Run is indelibly inscribed on my so-called career portfolio, and few conversations with strangers pass without the subject of the picture arising.”

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Author:Brock Yates
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“Northleaf is delighted to have been chosen to manage the new fund. We look forward to implementing the fund's long-term strategy of constructing a portfolio of high-potential venture capital funds with the scale and resources to execute their plans, support successful high-growth companies and deliver world-class returns.”

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Author:Jeff Pentland
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“I have a personal philosophy in life: If somebody else can do something that I'm doing, they should do it. And what I want to do is find things that would represent a unique contribution to the world-the contribution that only I, and my portfolio of talents, can make happen. Those are my priorities in life.”

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Author:Neil deGrasse Tyson
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“Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.”

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Author:John C. Bogle
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“In going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You specify the way you want your portfolio to look, and then you assemble the profile piece by piece by bringing together companies that make their own individual contributions to the desired character.”

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Author:Robert Haugen
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“If you look at what's happened to the stock market, if you look at what's happened to housing values, if you look at what's happened to bank loan portfolios because the value of their other assets that they've already issued loans against were going down, there was a pretty good argument for trying to pass something at about this level of investment with the divisions as they were - unemployment, food stamps, and tax cuts, aid to education and healthcare, and job creation.”

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Author:William J. Clinton
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“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.”

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Author:Paul Samuelson
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“Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.”

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Author:Paul Samuelson
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“The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.”

AbleFormDealsEvidencePerformancesInvestmentInvestingDebateSuperiorsManagersGoodsReviewsRelevantSelectionJuryScottishVerdictPortfoliosSuperior Performance
Author:Paul Samuelson
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“Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group.”

KnowsShouldLongStatesThreeTermUnitedCitiesUnited StatesGroupsBuildingReturnPercentInvestingFinancialBritishCoreBlockSubstanceLong TermFundGapsInvestorsQuartersContinuingRhetoricPeersCompoundsAnnualsHighlightsEmulateProvidersPortfoliosBuilding BlocksVanguardIndex FundsFinancial ServicesPeer Group
Author:Jonathan Davis
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“People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.”

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Author:Eugene Fama
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“Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial portfolio turnover tend to reduce investment yields. Many people will find the guarantee of playing the stock-market game at par every round a very attractive one. The index fund is a sensible, serviceable method for obtaining the market's rate of return with absolutely no effort and minimal expense.”

PeopleShowsGamesResultsEffortReturnMethodInvestmentRateRoundsInvestingManagersAttractiveGuaranteesFundExpensesYieldSensibleTypicalFeesBuyersObtainingPortfoliosTurnoverIndex FundsAdvisory
Author:Burton Malkiel
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“... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you can't - and neither can the legions of advisers and publications that claim they can. That's why building a portfolio around index funds isn't really settling for average. It's just refusing to believe in magic.”

KnowsBelieveMayPastWishMagicBuildingReturnTruth IsClaimsHotInvestingAverageSettlingFundCrucialSkepticismWish YouPublicationAdviserLegionPortfoliosIndex Funds
Author:Bethany McLean
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“Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.”

ThinkingEyeAcceptanceDemandBehaviorCreatingIndependentManagementInstitutionsStrategyInvestmentInvestingActiveParadoxConventionalMaintainingProfilePortfoliosConventional WisdomUnconventionalIndependent ThinkingActive Management
Book:Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated
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“The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.”

KnowsShouldYearsIdeasDoneInvestingRingsManagersFiftyFundMutualInvestorsBellsTimingConsistentlySignalsCrediblePortfoliosMutual FundMarket Timing
Book:Common Sense on Mutual Funds
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“It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.”

PeopleIfsBelieveI CanClearImagineGroupsSellingAttractiveBelieve In MeEquityCheaperPortfoliosLack Of Confidence
Author:Warren Buffett
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“The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground.”

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Author:James Grant
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“A powerful portfolio of physiological and behavioural evidence now exists to support the case that fish feel pain and that this feeling matters. In the face of such evidence, any argument to the contrary based on the claim that fish 'do not have the right sort of brain' can no longer be called scientific. It is just obstinate.”

FeelsMatterFeelingsPainFacesPowerfulBrainCasesSupportEvidenceArgumentClaimsFishesContraryPortfoliosObstinatePhysiological
Book:Animal Welfare: Limping Towards Eden
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“I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have no idea. That's my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may.”

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Author:Hugh Hendry
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“An index fund is a fund that simply invests in all of the stocks in a market. So, for example, an index fund might invest in every single stock or almost every single stock in the U.S. market, it might invest in every single stock abroad, or it might invest in all of the bonds that are out there. And you can make a perfectly fine investing portfolio that mixes equal parts of all three of those.”

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Author:William J. Bernstein
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“Short-term performance envy causes many of the shortcomings that lock most investors into a perpetual cycle of underachievement. Watch your competitors not out of jealousy but out of respect and focus your efforts not on replicating others' portfolios but on looking for opportunities where they are not. The only way for investors to significantly outperform is to periodically stand far apart from the crowd, something few are willing, or able, to do.”

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Author:Seth Klarman
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“Warren Buffett likes to say that the first rule of investing is "Don't lose money," and the second rule is, "Never forget the first rule." I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather "don't lose money" means that over several years an investment portfolio should not be exposed to appreciable loss of principal.”

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Author:Seth Klarman
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“I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think investors should have a large portion of their assets in equities over time.”

ThinkingShouldBelieveLongStillsIndividualTermSecretQualityShould HaveStrategyFollowingLong TermHorizonAssetsFormulasInvestorsPortionsEquityAnalystsI Still BelieveSecret To SuccessPortfoliosGood Business
Author:Joel Greenblatt
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“Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.”

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Author:Seth Klarman
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“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.”

WorldYearsRealHappensOpportunityGamesModernChangedTheoryReturnCostFindingsEconomicsInvestmentCompareAttractiveReal WorldPortfoliosFreshmanDreamlandOpportunity Cost
Author:Charlie Munger
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