What Jack Bogle and Richard Thaler know about smart investing

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
Topic Author
zwzhang
Posts: 83
Joined: Thu Jul 25, 2013 10:43 am

What Jack Bogle and Richard Thaler know about smart investing

Post by zwzhang »

http://www.marketwatch.com/story/what-j ... 2017-10-20
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.
The mistakes we make as investors is when the market’s going up, we think it’s going to go up forever. When the market goes down, we think it’s going to go down forever. Neither of those things actually happen. Doesn’t do anything forever. It’s by the moment.
Time is your friend; impulse is your enemy.
This is a nice article for every Bogleheads member to read.
Post Reply