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

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

- 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…

- 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…

- William J. Bernstein

Do the math. Expect catastrophes. Whatever happens, stay the course.

- 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.

- 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.

- 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.

- 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…

- William J. Bernstein