When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.
Do the math. Expect catastrophes. Whatever happens, stay the course. - William J. Bernstein
Do the math. Expect catastrophes. Whatever happens, stay the course.
- William J. Bernstein
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… - William J. Bernstein
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…
Investment success accrues not so much to the brilliant as to the disciplined. - William J. Bernstein
Investment success accrues not so much to the brilliant as to the disciplined.
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… - William J. Bernstein
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…
Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it. - William J. Bernstein
Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.
Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be. - William J. Bernstein
Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.
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… - William J. Bernstein
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…
All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them. - William J. Bernstein
All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.
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… - William J. Bernstein
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…
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