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What Experts Say About Various Investing Topics

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

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:10 pm
by Sheepdog
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

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:12 pm
by peppers
What Experts Say

Happy Birthday Taylor

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:13 pm
by Levett
Happy Birthday, Taylor.

Lev

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:17 pm
by sleepysurf
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!

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:19 pm
by patriciamgr2
Happy Birthday, Taylor! How wonderful (& very much in character) that you celebrate with a gift to us! Best Wishes

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:23 pm
by HueyLD
...........

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:25 pm
by nedsaid
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!!

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:25 pm
by mickeyd
HBD Taylor.

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

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:32 pm
by Fallible
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

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:33 pm
by ObliviousInvestor
Happy Birthday, Taylor!

Thank you for putting this together.

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 3:59 pm
by Toons
:thumbsup Thanks!

Re: WHAT EXPERTS SAY

Posted: Sun Jan 25, 2015 4:12 pm
by Silence Dogood
Happy birthday, Taylor!

You're a gem.

Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 4:44 pm
by Miriam2
[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.

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 4:49 pm
by runner9
Miriam2's reference is linked here: http://www.bogleheads.org/forum/viewtop ... 0#p2349140

Happy birthday for sure!

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 4:58 pm
by Triple digit golfer
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!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:01 pm
by msi
Have a happy birthday, Taylor! :sharebeer

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:01 pm
by mlebuf
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.

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 5:02 pm
by selftalk
Happy Birthday Taylor and thanks for helping all of us out here to the best of your ability.

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 5:07 pm
by Steve K
Happy Birthday Taylor, thank you for the help you provide us all.

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:07 pm
by Zhen
Thank you, Taylor, for keeping helping and teaching us!

Happy birthday!

Best Regards,
Zhen

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 5:10 pm
by staythecourse
I am sure I speak for everyone when I say this board would not be the same without all your contributions!

Happy Birthday!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:10 pm
by mbres60
Thank you Taylor for all your help and wisdom.

Happy happy birthday to you!

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 5:11 pm
by stemikger
Happy Birthday Taylor! Have a wonderful day!

Re: Happy Birthday Taylor!

Posted: Sun Jan 25, 2015 5:20 pm
by BrandonBogle
Yes, yes. Three cheers for Taylor! Happy Birthday and thank you for all your insights and guidance!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:23 pm
by LadyGeek
I moved Miriam2's thread into here.

Happy Birthday, Taylor!

Update: I linked all 7 of Taylor's threads back to here.

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:25 pm
by baw703916
Happy Birthday, Taylor!

WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:34 pm
by shawcroft
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

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:37 pm
by Azathoth
Happy Birthday Taylor!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:38 pm
by hornet96
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

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:40 pm
by Day9
Thank you, Taylor. Happy birthday!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:45 pm
by richard
Happy Birthday!

Best wishes

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 5:55 pm
by flyingaway
Did someone say that we should not listen to the experts on CNBC?

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 6:08 pm
by RyeWhiskey
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

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 6:20 pm
by bowtie
Looking forward to reading them.
Happy birthday, Taylor!

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 6:23 pm
by dolphinsaremammals
Image

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 6:39 pm
by Mel Lindauer
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.

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 6:52 pm
by Bulldawg
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 !

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 7:12 pm
by grabiner
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.

Re: What experts say abount [various investing topics]

Posted: Sun Jan 25, 2015 8:08 pm
by Sents
Happy Birthday Taylor. I'm proud to share the same birth date as you (but definitely not the same year <--- 1988)!

Re: What experts say abount [various investing topics]

Posted: Sun Jan 25, 2015 8:57 pm
by TomTX
Happy Birthday, Taylor!

Re: What Experts Say [about various investing topics]

Posted: Sun Jan 25, 2015 9:28 pm
by steve roy
I would say, "Many Happy Returns," but it appears that Jack Bogle and Vanguard have already given you those.

HAPPY BIRTHDAY!

Re: What Experts Say [about various investing topics]

Posted: Sun Jan 25, 2015 9:47 pm
by SailingAway
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

Re: What Experts Say [about various investing topics]

Posted: Sun Jan 25, 2015 9:51 pm
by oldzey
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

Re: WHAT EXPERTS SAY ABOUT

Posted: Sun Jan 25, 2015 10:25 pm
by Norris
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

Re: What Experts Say [about various investing topics]

Posted: Sun Jan 25, 2015 10:55 pm
by gailcox
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!

Re: What Experts Say [about various investing topics]

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

Re: What Experts Say [about various investing topics]

Posted: Mon Jan 26, 2015 12:10 am
by sschullo
Was a pleasure meeting you a couple of years ago and saying all of those nice things about our book.
Happy birthday.
Steve

Re: What Experts Say [about various investing topics]

Posted: Mon Jan 26, 2015 10:53 am
by Sbashore
Thank you Taylor and Happy Birthday!

Re: What Experts Say [about various investing topics]

Posted: Tue Jan 27, 2015 6:26 pm
by iceport
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