What Experts Say About Various Investing Topics

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
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Taylor Larimore
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What Experts Say About Various Investing Topics

Post by Taylor Larimore » Sun Jan 25, 2015 3:06 pm

Bogleheads:

I began investing in 1950 at the age of 26 when the S&P 500 Index was under 20. Today, on my 91st birthday, The S&P 500 Index is over 2,000 (not including dividends).

Nearly everything I know about investing I learned from experience, reading, and listening to experts who know much more than I do. This is my ninety-first birthday gift to you:

What Experts Say About:

Asset-Allocation and Diversification

Jack Bogle

Costs

Indexing

Individual Stocks vs. Mutual Funds

Market-Timing

Past Performance

Simplicity

Stay-the-Course

The Three Fund Portfolio

Total Market Index Funds

You will find more valuable quotes here: Investment Gems

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

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Sheepdog
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Re: WHAT EXPERTS SAY

Post by Sheepdog » Sun Jan 25, 2015 3:10 pm

Thank you, Taylor, for your wisdom. Thank you for caring for us. Thank you for your birthday present to us. God bless you.

HAPPY BIRTHDAY
It's not what you gather, but what you scatter which tells what kind of life you have lived---Helen Walton

peppers
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Re: WHAT EXPERTS SAY

Post by peppers » Sun Jan 25, 2015 3:12 pm

What Experts Say

Happy Birthday Taylor
"..the cavalry ain't comin' kid, you're on your own..."

Levett
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Re: WHAT EXPERTS SAY

Post by Levett » Sun Jan 25, 2015 3:13 pm

Happy Birthday, Taylor.

Lev

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sleepysurf
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Re: WHAT EXPERTS SAY

Post by sleepysurf » Sun Jan 25, 2015 3:17 pm

Happy Birthday Taylor! I forwarded this to my twenty-something year old kids. I hope to be likewise giving out sage financial advice when I'm 91!
Retired 2017 | ~50/45/5 (partially sliced and diced) | Current WR 2.8%

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patriciamgr2
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Re: WHAT EXPERTS SAY

Post by patriciamgr2 » Sun Jan 25, 2015 3:19 pm

Happy Birthday, Taylor! How wonderful (& very much in character) that you celebrate with a gift to us! Best Wishes

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HueyLD
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Re: WHAT EXPERTS SAY

Post by HueyLD » Sun Jan 25, 2015 3:23 pm

...........
Last edited by HueyLD on Sat Feb 07, 2015 1:08 pm, edited 1 time in total.

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nedsaid
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Re: WHAT EXPERTS SAY

Post by nedsaid » Sun Jan 25, 2015 3:25 pm

Pretty much the lesson is to stay invested. That is amazing performance over a lifetime to go from 20 to 2,000 plus dividends. That is a pretty powerful perspective.

By the way, Happy Birthday Taylor!!
A fool and his money are good for business.

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mickeyd
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Re: WHAT EXPERTS SAY

Post by mickeyd » Sun Jan 25, 2015 3:25 pm

HBD Taylor.

BTW, thanks for getting the S&P to bump up almost 100X! Keep up the good work.
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

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Re: WHAT EXPERTS SAY

Post by Fallible » Sun Jan 25, 2015 3:32 pm

Taylor,

From your link to "Simplicity" is this from Jack Bogle: "Simplicity is the master key to financial success." In a way, you and Jack are 'master keys' to the financial success of the Bogleheads.

Thank you and Happy Birthday!

Fallible
Bogleheads® wiki | Investing Advice Inspired by Jack Bogle

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Re: WHAT EXPERTS SAY

Post by ObliviousInvestor » Sun Jan 25, 2015 3:33 pm

Happy Birthday, Taylor!

Thank you for putting this together.
Mike Piper, author/blogger

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Toons
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Re: WHAT EXPERTS SAY

Post by Toons » Sun Jan 25, 2015 3:59 pm

:thumbsup Thanks!
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

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Re: WHAT EXPERTS SAY

Post by Silence Dogood » Sun Jan 25, 2015 4:12 pm

Happy birthday, Taylor!

You're a gem.

Miriam2
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Happy Birthday Taylor!

Post by Miriam2 » Sun Jan 25, 2015 4:44 pm

[Thread moved into here, see below. --admin LadyGeek]

Happy Birthday Taylor!
We love your posts of wisdom!
In case others missed your current post, it is here in the "What Experts Say" thread.

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runner9
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Re: Happy Birthday Taylor!

Post by runner9 » Sun Jan 25, 2015 4:49 pm

Miriam2's reference is linked here: http://www.bogleheads.org/forum/viewtop ... 0#p2349140

Happy birthday for sure!

Triple digit golfer
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Re: Happy Birthday Taylor!

Post by Triple digit golfer » Sun Jan 25, 2015 4:58 pm

Happy Birthday to a great guy! They just don't make 'em like Taylor anymore. Respectful, kind, and courteous.

Best wishes for a great birthday and many more, Taylor!

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msi
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Re: WHAT EXPERTS SAY ABOUT

Post by msi » Sun Jan 25, 2015 5:01 pm

Have a happy birthday, Taylor! :sharebeer

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mlebuf
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Re: WHAT EXPERTS SAY ABOUT

Post by mlebuf » Sun Jan 25, 2015 5:01 pm

Happy Birthday, Taylor! You are the king of the Bogleheads and a prince of a man. Your knowledge and leadership on this form is priceless.
Best wishes, | Michael | | Invest your time actively and your money passively.

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Re: Happy Birthday Taylor!

Post by selftalk » Sun Jan 25, 2015 5:02 pm

Happy Birthday Taylor and thanks for helping all of us out here to the best of your ability.

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Re: Happy Birthday Taylor!

Post by Steve K » Sun Jan 25, 2015 5:07 pm

Happy Birthday Taylor, thank you for the help you provide us all.

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Re: WHAT EXPERTS SAY ABOUT

Post by Zhen » Sun Jan 25, 2015 5:07 pm

Thank you, Taylor, for keeping helping and teaching us!

Happy birthday!

Best Regards,
Zhen

staythecourse
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Re: Happy Birthday Taylor!

Post by staythecourse » Sun Jan 25, 2015 5:10 pm

I am sure I speak for everyone when I say this board would not be the same without all your contributions!

Happy Birthday!
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” | -Jack Bogle

mbres60
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Re: WHAT EXPERTS SAY ABOUT

Post by mbres60 » Sun Jan 25, 2015 5:10 pm

Thank you Taylor for all your help and wisdom.

Happy happy birthday to you!

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stemikger
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Re: Happy Birthday Taylor!

Post by stemikger » Sun Jan 25, 2015 5:11 pm

Happy Birthday Taylor! Have a wonderful day!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

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BrandonBogle
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Re: Happy Birthday Taylor!

Post by BrandonBogle » Sun Jan 25, 2015 5:20 pm

Yes, yes. Three cheers for Taylor! Happy Birthday and thank you for all your insights and guidance!

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Re: WHAT EXPERTS SAY ABOUT

Post by LadyGeek » Sun Jan 25, 2015 5:23 pm

I moved Miriam2's thread into here.

Happy Birthday, Taylor!

Update: I linked all 7 of Taylor's threads back to here.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Re: WHAT EXPERTS SAY ABOUT

Post by baw703916 » Sun Jan 25, 2015 5:25 pm

Happy Birthday, Taylor!
Most of my posts assume no behavioral errors.

shawcroft
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WHAT EXPERTS SAY ABOUT

Post by shawcroft » Sun Jan 25, 2015 5:34 pm

HAPPY BIRTHDAY, TAYLOR!
It was a delight to have met and spoken with you in 2013 and I hope to have the opportunity again
Best regards,
Shawcroft
Last edited by shawcroft on Sun Jan 25, 2015 5:52 pm, edited 1 time in total.

Azathoth
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Re: WHAT EXPERTS SAY ABOUT

Post by Azathoth » Sun Jan 25, 2015 5:37 pm

Happy Birthday Taylor!

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hornet96
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Re: WHAT EXPERTS SAY ABOUT

Post by hornet96 » Sun Jan 25, 2015 5:38 pm

Happy birthday Taylor! Your contributions to this community and the broader investment world are immeasurable. I always click on any of your original threads when I visit this website, and I suspect many others do the same as well.

Cheers! :sharebeer

Day9
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Re: WHAT EXPERTS SAY ABOUT

Post by Day9 » Sun Jan 25, 2015 5:40 pm

Thank you, Taylor. Happy birthday!
I'm just a fan of the person I got my user name from

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Re: WHAT EXPERTS SAY ABOUT

Post by richard » Sun Jan 25, 2015 5:45 pm

Happy Birthday!

Best wishes

flyingaway
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Re: WHAT EXPERTS SAY ABOUT

Post by flyingaway » Sun Jan 25, 2015 5:55 pm

Did someone say that we should not listen to the experts on CNBC?

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Re: WHAT EXPERTS SAY ABOUT

Post by RyeWhiskey » Sun Jan 25, 2015 6:08 pm

Thank you Taylor and happy birthday! I, too, started investing at the age of 26 and as of now, two years later, I not only don't know what the S&P was when I started but don't know what it is now and nor do I care. With a healthy savings plan and my investments indexed at low cost for the long run, I owe this willful ignorance to you and this forum. And that is my birthday gift to you, sir. :beer
This post was brought to you by Vanguard Total World Stock Index (VTWSX/VT).

bowtie
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Re: WHAT EXPERTS SAY ABOUT

Post by bowtie » Sun Jan 25, 2015 6:20 pm

Looking forward to reading them.
Happy birthday, Taylor!

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Re: WHAT EXPERTS SAY ABOUT

Post by dolphinsaremammals » Sun Jan 25, 2015 6:23 pm

Image

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Mel Lindauer
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Re: WHAT EXPERTS SAY ABOUT

Post by Mel Lindauer » Sun Jan 25, 2015 6:39 pm

mlebuf wrote:Happy Birthday, Taylor! You are the king of the Bogleheads and a prince of a man. Your knowledge and leadership on this form is priceless.
I'll add my thoughts and good wishes to yours, Michael, and complete the loop of the "Three L" authors of The Bogleheads' Guide to Investing (Larimore, Lindauer and LeBoeuf).

I called Taylor earlier today and sang Happy Birthday to him in my best "blackbird" voice.
Best Regards - Mel | | Semper Fi

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Bulldawg
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Re: WHAT EXPERTS SAY ABOUT

Post by Bulldawg » Sun Jan 25, 2015 6:52 pm

Taylor ,
I know you have a " house that Jack built "

I have a nice " portfolio that Taylor built "

In addition to the peace of mind that comes from following the wisdom of the bogle heads

Happy Birthday and God Bless !
" IN GOD WE TRUST " ( official motto of the United States )

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Re: WHAT EXPERTS SAY ABOUT

Post by grabiner » Sun Jan 25, 2015 7:12 pm

Bulldawg wrote:Taylor ,
I know you have a " house that Jack built "

I have a nice " portfolio that Taylor built "

In addition to the peace of mind that comes from following the wisdom of the bogle heads

Happy Birthday and God Bless !
Happy Birthday!

I also live in a House that Jack Built, inspired by Taylor's quote. It is the only time I have spent a large portion of my portfolio, and thanks to the Boglehead principles (low costs, tax loss harvesting, index funds for taxable accounts), I got to keep almost all of my investment gains when I made the down payment.
Wiki David Grabiner

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Sents
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Re: What experts say abount [various investing topics]

Post by Sents » Sun Jan 25, 2015 8:08 pm

Happy Birthday Taylor. I'm proud to share the same birth date as you (but definitely not the same year <--- 1988)!
Don't only practice your art, but force your way into its secrets. For it and knowledge can raise men to the divine. | L. Beethoven

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Re: What experts say abount [various investing topics]

Post by TomTX » Sun Jan 25, 2015 8:57 pm

Happy Birthday, Taylor!

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steve roy
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Re: What Experts Say [about various investing topics]

Post by steve roy » Sun Jan 25, 2015 9:28 pm

I would say, "Many Happy Returns," but it appears that Jack Bogle and Vanguard have already given you those.

HAPPY BIRTHDAY!

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Re: What Experts Say [about various investing topics]

Post by SailingAway » Sun Jan 25, 2015 9:47 pm

Taylor,
Great to meet you the other day and really enjoyed our lunch with all your friends. Clearly you are an inspiration to many both here on Bogleheads and otherwise as well. Thank you for all you do and the rudder you provide to this board. Your direction here is clearly appreciated by many and you have positively affected innumerable lives.

Happy Birthday again and hope maybe can do it again next year!!

Fair winds and following seas my friend.

Cheers :sharebeer

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Re: What Experts Say [about various investing topics]

Post by oldzey » Sun Jan 25, 2015 9:51 pm

Happy Birthday, Taylor!

Chinese Proverbs say: "To know the road ahead, ask those coming back".

Thank you for sharing your wisdom and experience with us!

oldzey
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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Re: WHAT EXPERTS SAY ABOUT

Post by Norris » Sun Jan 25, 2015 10:25 pm

shawcroft wrote:HAPPY BIRTHDAY, TAYLOR!
It was a delight to have met and spoken with you in 2013 and I hope to have the opportunity again
Best regards,
Shawcroft

Me too! Happy Birthday, Taylor!

Norris
Life is really simple, but we insist on making it complicated. Confucius

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Re: What Experts Say [about various investing topics]

Post by gailcox » Sun Jan 25, 2015 10:55 pm

Looks like I am late to this party!!

Happy Birthday, Taylor! Here's to many, many more and I hope to see you soon! You've been very helpful to me over the years of our friendship!

Gail

P.S. I also called Taylor today and sang HB to him! I cannot sing worth a dang, but I gave it my best go!

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Re: What Experts Say [about various investing topics]

Post by second-guesser » Sun Jan 25, 2015 11:59 pm

Happy birthday Taylor.
Recently I had lunch with my best friend Dad's two
good friends. Like you , they both served in WWII
and both were doing great. I thought of you when
I met them , the only difference is that they
were a few years older than you .

Thanks for all you do for so many investors.

S-G

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Re: What Experts Say [about various investing topics]

Post by sschullo » Mon Jan 26, 2015 12:10 am

Was a pleasure meeting you a couple of years ago and saying all of those nice things about our book.
Happy birthday.
Steve
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

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Re: What Experts Say [about various investing topics]

Post by Sbashore » Mon Jan 26, 2015 10:53 am

Thank you Taylor and Happy Birthday!
Steve | Semper Fi

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Re: What Experts Say [about various investing topics]

Post by iceport » Tue Jan 27, 2015 6:26 pm

Happy (belated) Birthday, Taylor!

Thanks for all you do here — both with your investing insights that help keep us grounded, and with your impeccable model of civility. The tone of the forum would absolutely not be the same without your presence.

:sharebeer
"Discipline matters more than allocation.” ─William Bernstein

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