Your Best One Line of Wisdom
Re: Your Best One Line of Wisdom
"If you buy a stock it will probably go down. If you sell a stock it will probably go up."
"Lead, follow, or get the hell out of the way."
"Lead, follow, or get the hell out of the way."
- retiredbuthappy
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Re: Your Best One Line of Wisdom
Change accumulates like compound interest
- Random Musings
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Re: Your Best One Line of Wisdom
Don't over think it.
Or KISS.......
RM
Or KISS.......
RM
I figure the odds be fifty-fifty I just might have something to say. FZ
- SpartanFan
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Re: Your Best One Line of Wisdom
Be greedy when others are fearful, and fearful when others are greedy.
"There's a crack in everything, that's how the light gets in" - Leonard Cohen (RIP)
Re: Your Best One Line of Wisdom
If you do not want to educate yourself, put your money in an FDIC insured savings account.
Last edited by SamB on Fri Oct 19, 2012 3:05 pm, edited 1 time in total.
Re: Your Best One Line of Wisdom
After all, you only find out who is swimming naked when the tide goes out. - Warren Buffet
There is no free lunch.
Re: Your Best One Line of Wisdom
"Broke" is a financial condition.
"Poor" is a psychological one.
Andrew Carnegie.
"Poor" is a psychological one.
Andrew Carnegie.
What the bold print givith, the fine print taketh away. |
-meowcat
Re: Your Best One Line of Wisdom
"Feelings are not facts."
Re: Your Best One Line of Wisdom
Investing should be made as simple as possible, but no simpler.
Victoria and Albert
Victoria and Albert
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
- pennstater2005
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Re: Your Best One Line of Wisdom
"Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors’ to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us."
John Bogle
John Bogle
“If you think nobody cares if you're alive, try missing a couple of car payments.” – Earl Wilson
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Re: Your Best One Line of Wisdom
"Don't think it won't happen just because it hasn't happened yet"- Jackson Browne
Re: Your Best One Line of Wisdom
"If you're not greedy, you will go far."
-The Oompa Loompas
-The Oompa Loompas
Re: Your Best One Line of Wisdom
The path of least resistance makes crooked rivers and crooked men.
Part-Owner of Texas |
|
“The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle
Re: Your Best One Line of Wisdom
Costs are one of the few things that you can control while investing- don't pay too much.
"Optimum est pati quod emendare non possis." |
-Seneca
Re: Your Best One Line of Wisdom
"DON'T PANIC" in large, friendly letters... -- Douglas Adams, RIP.
Re: Your Best One Line of Wisdom
Victoria wrote:Investing should be made as simple as possible, but no simpler.
Victoria and Albert
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
Re: Your Best One Line of Wisdom
Exactly right. My best line of wisdom also. -Just.stemikger wrote:In the end the only thing that matters is that the people you love, love you back - Warren Buffett
Re: Your Best One Line of Wisdom
Fallible,Fallible wrote:Victoria wrote:Investing should be made as simple as possible, but no simpler.
Victoria and Albert
Thank you for the encouragement. I decided to make it my signature. It was hard to let go of Marat F. Here he is for the last time:
Every joke has a bit of a joke. ... The rest is the truth.
Marat F
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
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Re: Your Best One Line of Wisdom
Diversify your investments.
Money is like manure. You have to spread it around or it smells.
J. Paul Getty
Read a few good investment books.
An investment in knowledge always pays the best interest.
Benjamin Franklin
Mike
Money is like manure. You have to spread it around or it smells.
J. Paul Getty
Read a few good investment books.
An investment in knowledge always pays the best interest.
Benjamin Franklin
Mike
Time is your friend; impulse is your enemy - John Bogle |
Learn every day, but especially from the experiences of others, it's cheaper! - John Bogle
Re: Your Best One Line of Wisdom
You can't take it with you!
Re: Your Best One Line of Wisdom
An interesting change. Maybe this from Anatole France overstates the case, but some of it may apply: "All changes, even the most longed for, have their melancholy; for what we leave behind us is a part of ourselves; we must die to one life before we can enter another."Victoria wrote:Fallible,Fallible wrote:Victoria wrote:Investing should be made as simple as possible, but no simpler.
Victoria and Albert
Thank you for the encouragement. I decided to make it my signature. It was hard to let go of Marat F. Here he is for the last time:
Every joke has a bit of a joke. ... The rest is the truth.
Marat F
Victoria
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
Re: Your Best One Line of Wisdom
Fallible,Fallible wrote:An interesting change. Maybe this from Anatole France overstates the case, but some of it may apply: "All changes, even the most longed for, have their melancholy; for what we leave behind us is a part of ourselves; we must die to one life before we can enter another."
Your citation of Anatole France fits perfectly. Thanks!
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: Your Best One Line of Wisdom
When something or someone doesn't measure up, get a new yardstick.
Regards |
Bob
Re: Your Best One Line of Wisdom
Hi Victoria,Victoria wrote:Fallible,Fallible wrote:An interesting change. Maybe this from Anatole France overstates the case, but some of it may apply: "All changes, even the most longed for, have their melancholy; for what we leave behind us is a part of ourselves; we must die to one life before we can enter another."
Your citation of Anatole France fits perfectly. Thanks!
Victoria
Thanks back! Glad I did something write right today.
Fallible
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
Re: Your Best One Line of Wisdom
I wish I could write something right today. I am multitasking by writing a paper and posting here, and the BH invariably tips the scale.Fallible wrote:
Hi Victoria,
Thanks back! Glad I did something write right today.
Fallible
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
- cheese_breath
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Re: Your Best One Line of Wisdom
A good lie should contain enough truth to make it sound believeable.
The surest way to know the future is when it becomes the past.
Re: Your Best One Line of Wisdom
I'll gladly pay you Tuesday for a hamburger today.*
*Works most effectively on a Wednesday.
*Works most effectively on a Wednesday.
Last edited by hpowders on Mon Oct 22, 2012 10:54 pm, edited 1 time in total.
Re: Your Best One Line of Wisdom
Told by me to a friend who was single, worked 2 jobs, when one job was more than adequate to meet his financial needs, and never spent a dime on anything, except very reluctantly:
"You will have the fanciest coffin at the funeral home one day, Sheldon."
PS-He's now an ex-friend. The truth hurts, I guess.
"You will have the fanciest coffin at the funeral home one day, Sheldon."
PS-He's now an ex-friend. The truth hurts, I guess.
Re: Your Best One Line of Wisdom
The best is always the cheapest.
- Kathleen Ryan
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Re: Your Best One Line of Wisdom
Thanks pkcrafter for asking.
"Invest in the stock market as opposed to betting on the stock market."
"Don't try to time the market."
"The stock market is a roller coaster, so strap yourself in for the wild ride, and remember why you bought the ticket when you hit bottom."
"Invest in the stock market as opposed to betting on the stock market."
"Don't try to time the market."
"The stock market is a roller coaster, so strap yourself in for the wild ride, and remember why you bought the ticket when you hit bottom."
Best wishes, |
Kathleen
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Re: Your Best One Line of Wisdom
“Price is what you pay. Value is what you get”. Buffett
“The only thing worse than being wrong is being wrong and alone”. Ogard
“The only thing worse than being wrong is being wrong and alone”. Ogard
- SimpleGift
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Re: Your Best One Line of Wisdom
Every line of wisdom has an element of untruth in it — including this one!
- Taylor Larimore
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- Location: Miami FL
Re: Your Best One Line of Wisdom
Best wishes"Our lives are frittered away with detail. Simplify! Simplify!" Henry David Thoreau
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
Re: Your Best One Line of Wisdom
Never lend money to family members because you will never get it back since they will always view it as a gift.
Re: Your Best One Line of Wisdom
Alternatively:BlackBeltLurker wrote:“Price is what you pay. Value is what you get”. Buffett
“The only thing worse than being wrong is being wrong and alone”. Ogard
- Price is what you pay; value is what a financial adviser claims you will get.
- The only thing worse than being wrong and alone is being wrong in a company of people who are right.
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
- cheese_breath
- Posts: 11786
- Joined: Wed Sep 14, 2011 7:08 pm
Re: Your Best One Line of Wisdom
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Kenny Rogers (The Gambler)
Know when to fold 'em
Know when to walk away
know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Kenny Rogers (The Gambler)
The surest way to know the future is when it becomes the past.
Re: Your Best One Line of Wisdom
Long-time follower, first-time poster...
My favorite quote is, "If you find yourself in a hole, stop digging."
My favorite quote is, "If you find yourself in a hole, stop digging."
- SkolVikes7
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Re: Your Best One Line of Wisdom
"Humble enough to prepare, Confident enough to perform" -Tom Caughlin
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Re: Your Best One Line of Wisdom
Now we’re getting somewhere.Alternatively:
- Price is what you pay; value is what a financial adviser claims you will get.
- The only thing worse than being wrong and alone is being wrong in a company of people who are right.
Victoria
Let the subtle satire continue…
- Price is what you pay; value is what a typical financial adviser claims you will get.
Segue to enlightenment
- The only thing worse than being wrong and alone is being wrong in the presence of people who are right [enter Bogleheads].
Rapture
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Re: Your Best One Line of Wisdom
The more you think... The less you know....
9th Infantry Division LRRP (Ranger) |
1968-69
Re: Your Best One Line of Wisdom
Excellent, well worthy of a BlackBelt.BlackBeltLurker wrote:Now we’re getting somewhere.Alternatively:
- Price is what you pay; value is what a financial adviser claims you will get.
- The only thing worse than being wrong and alone is being wrong in a company of people who are right.
Victoria
Let the subtle satire continue…
- Price is what you pay; value is what a typical financial adviser claims you will get.
Segue to enlightenment
- The only thing worse than being wrong and alone is being wrong in the presence of people who are right [enter Bogleheads].
Rapture
Cheers,
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: Your Best One Line of Wisdom
I never thought this thread would run this long. It looked played out some time ago and then developed new energy. What's surprising is there are some real gems in the second wave. I made a list of some winners early on but there are many more worthy of gold stars. The power of the Bogleheads....amazing.
Paul
Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.
Re: Your Best One Line of Wisdom
Give whatever you can spare to established charities of your choice.
Re: Your Best One Line of Wisdom
My father's saying was "anything I can't pay for, I don't need". I've tried to live my life the same way. He was referring to credit.
Re: Your Best One Line of Wisdom
Don't need a divorce then, I guess.
- cheese_breath
- Posts: 11786
- Joined: Wed Sep 14, 2011 7:08 pm
Re: Your Best One Line of Wisdom
Conversely it doesn't matter how cheap the price is if I don't need it.theduke wrote:My father's saying was "anything I can't pay for, I don't need". I've tried to live my life the same way. He was referring to credit.
The surest way to know the future is when it becomes the past.
Re: Your Best One Line of Wisdom
The secret to wealth: "A part of all you own is yours to keep".
Slow and steady wins the race.
Re: Your Best One Line of Wisdom
"Be a yard stick of quality. Some people aren't used to an environment where excellence is expected." -- Steve Jobs
"Done is better than perfect." -- Mark Zuckerburg
"Done is better than perfect." -- Mark Zuckerburg
- Taylor Larimore
- Posts: 32842
- Joined: Tue Feb 27, 2007 7:09 pm
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Paul's gems
Bogleheads:I never thought this thread would run this long. It looked played out some time ago and then developed new energy. What's surprising is there are some real gems in the second wave. I made a list of some winners early on but there are many more worthy of gold stars. The power of the Bogleheads....amazing.
Paul
Paul has his own private collection worthy of gold stars. I saved these gems from a post Paul made five years ago:
We thank you, Paul, for your continuing contributions to the Bogleheads forum."The stock market is a distraction to investing." -- John Bogle
"Truth must be repeated again and again, because error is constantly being preached around it." -- Von Goethe
"Investing is not a race horse, it’s a plow horse." -- anon
"The only time you should get really worried is when there is nothing to worry about." -- Chris, Diehards
"People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick." -- Richard Thaler
"The market can stay irrational longer than you can stay solvent." -- Keynes
"It's much more profitable to sell investing advice than to follow it." -- Malcolm Forbes
"Bear markets are costly, bad advice is much, much worse." -- enels, Diehards
"Managing your money is about the unglamorous task of being a defensive lineman, not the star quarterback."-- Ben Stein, Phil DeMuth, co-authors
"The amazing truth is that over a long enough time period almost any reasonably balanced indexed strategy will best the overwhelming majority of professional managers." -- Wm Bernstein, author/advisor
"It does seem like one's financial health is inversely proportional to the the amount of time spent listening to what the financial experts predict will happen." Norm -- Diehards
"The fixed income portion of your financial assets is the safe part of your portfolio. It's analogous to the belt, suspenders, and underwear of your wardrobe."
Bob K, Diehards
"A vision without a plan is a hallucination." -- Salome Thomas-El, Diehards
"I think that there are almost no investors truly able to tolerate 100% stocks." -- Bill Bernstein
"An investor who does not understand the economics of specific companies but wishes to be a long-term owner of American industry should periodially invest in an index fund." -- William Bernstien
"The first step in discovering our true passions and talents is to isolate and eliminate clutter in our lives, including in our finances." -- Bill Schultheis, author/advisor
"The fundamental investment choice faced by any individual is the overall stock/bond mix." -- Wm Bernstein
"An index fund dooms you to mediocrity? Absolutely not: it virtually guarantees you superior performance." -- Wm Bernstien
"The most unrealistic expectation people have about investing--especially investing in stocks--is that if they work hard and smart or can find the right advisor, they can improve their investment returns." -- Chandan Sengupta, author
"Never confuse the highly likely with the certain. History's trash bin is filled with once great 'sure things'." -- Larry Swedroe, author/advisor
"Diversification of risk through the ownership of low-correlated assets is the only free lunch in investing." -- Larry Swedroe
"Don't listen to your buddies. Their investment advice ranks with fisherman describing the size of their catch." -- Andrew Clarke, author
"The first investment individuals should make is in financial education." -- anon
"Don't chase the ghosts of past returns." -- anon
“If stock returns came from history books, then the wealthiest people would be librarians.” -- Warren Buffett
"The investment business is a giant scam. It deletes billions of dollars every year in transaction costs and fees." -- Jack Meyer, Harvard Management
"Diversification is an explicit recognition of your ignorance. If you're comfortable with all you own, you're not diversified." -- Peter Bernstein, author
"Choose a balance of stocks and bonds according to your unique circumstances--your investment objectives, your time horizon, your level of comfort with risk, and your financial resources." -- John Bogle
"The greatest enemy of a good plan is the dream of a perfect plan." -- John Bogle quoting Karl von Clausewitz
"The bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a "top-down" look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach." -- Lewis Schiff, author
"The financial industry spends billions of marketing dollars encouraging us to give them a portion of our returns. On this forum, with conflict-free advice, we try to help you put more return in your pocket, and less into the industry's pocket." -- Taylor
Larimore, author
"In good times and bad, investing is really about managing risk and managing your emotions." -- Paul Merriman
"A complex system that works is invariably found to have evolved from a simple system that works." -- John Gaule
"Returns are what you expect, consequences are what you receive." -- anon
"A designer knows he has reached perfection, not when there is nothing left to add, but when there is nothing left to take away." -- Antoine de Saint-Exupery
"It is clear that investment return is far more dependent on investor behavior than on market returns." -- anon
"The only function of market forecasters is to make astrologists look good." --Rick Ferri, author/advisor
"The key to fund selection is to focus, not on future return--which the investor cannot control--but on risk, cost, and time--which the investor can
control." -- John Bogle
"Make no mistake about it, you are engaged in a brutal zero-sum contest with the financial industry. Every penny of commissions, fees, and transactional cost they extract is irretrievably lost to you." --
William Bernstein
"You should care about expenses because they directly reduce the return you receive. It’s as simple as that. -- John Brennan, Vanguard CEO
"The great irony of investing, then, is not only that you don't get what you pay for. The reality is quite the opposite: You get precisely what you don't pay for. So if you pay for nothing, you get everything." -- John Bogle
Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle