99% of fund managers demonstrate no evidence of skill whatsoever..

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell..

There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't k….

Investment success accrues not so much to the brilliant as to the disciplined..

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't k….

It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly….

Mutual fund manager performance does not persist and the return of stock picking is zero..

A fast food job, for most people, should be an entry level position. If you see no path for advancement beyond that, it's time to take a real fast lo….

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks..

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero..

You have to ask yourself, what are the things that matter to you most in your life? If you have to have a latte every day that'snice to have right no….

The definition of investment is the deferring ofpresent consumption for future consumption. So, you dohave to be willing to defer. And there are a co….

While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a….

A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minor….

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charg….

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 th….

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor..

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them..

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things loo….

No one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they th….

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be..