Simple-minded sayings?

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libralibra
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Simple-minded sayings?

Post by libralibra » Thu Sep 20, 2018 11:45 am

I've noticed boglehead threads are full of aphorisms

Almost every time someone mentions buying a stock, someone will reply smugly "Why do you think you know more than the seller?"

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy"

but then someone will decree "Don't try to time the market"

while also suggesting to "Rebalance on Really Bad Days"

however "Cut losers and let winners run"

otoh "Nobody knows nothing"
...

A pithy saying doesn't really provide much analysis or end a debate. On the plus side, I think we're all set to fry the brains of any race of androids from Star Trek that attack the planet!

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cheese_breath
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Re: Simple-minded sayings?

Post by cheese_breath » Thu Sep 20, 2018 11:47 am

Money is fungible.
The surest way to know the future is when it becomes the past.

123
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Re: Simple-minded sayings?

Post by 123 » Thu Sep 20, 2018 11:49 am

Buy low, sell high.
The closest helping hand is at the end of your own arm.

MJW
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Re: Simple-minded sayings?

Post by MJW » Thu Sep 20, 2018 11:58 am

I started a thread on this topic a while back.

viewtopic.php?f=10&t=257651

In some places it devolves into indictments on grammatical errors which really wasn't the intent, but there are quite a few examples of sayings that are often repeated but perhaps not really understood.

delamer
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Re: Simple-minded sayings?

Post by delamer » Thu Sep 20, 2018 12:11 pm

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy"

but then someone will decree "Don't try to time the market"
Those aren’t contradictory, if that is what you are implying.

The first refers to rebalancing — which means having the nerve to buy stocks after a crash when others are afraid to.

That isn’t market timing, that’s maintaining your asset allocation despite the current market conditions.

BogleMelon
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Re: Simple-minded sayings?

Post by BogleMelon » Thu Sep 20, 2018 12:16 pm

Not on this forum, but I consistently see the below sayings from friends and acquaintances all the time
- Rent is throwing money away
- But at least it would be called your own home (after proving to someone with math and solid numbers that he would be better off renting based on his own assumptions and situation) :oops:
- Stock market is gambling
- All insurance except medical is a scam (They then come crying when a financial catastrophe strikes and blame it to their poor luck, while envying my great luck!)
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

H-Town
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Re: Simple-minded sayings?

Post by H-Town » Thu Sep 20, 2018 12:26 pm

libralibra wrote:
Thu Sep 20, 2018 11:45 am
I've noticed boglehead threads are full of aphorisms

Almost every time someone mentions buying a stock, someone will reply smugly "Why do you think you know more than the seller?"

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy"

but then someone will decree "Don't try to time the market"

while also suggesting to "Rebalance on Really Bad Days"

however "Cut losers and let winners run"

otoh "Nobody knows nothing"
...

A pithy saying doesn't really provide much analysis or end a debate. On the plus side, I think we're all set to fry the brains of any race of androids from Star Trek that attack the planet!
But are those sayings really simple-minded?

"Be greedy when others are fearful, and fearful when others are greedy" - Easier said than done. I saw many people sold their equity portion during 2008 crisis. Should they really sell though?

"Don't try to time the market" - Many people sitting out the bull market when they believe certain events in the country would affect the market - as recently as 2017.

"Rebalance on Really Bad Days" - Why not? It's sell high, buy low on a given bad day. Why do you have bonds/fixed income portfolio in the first place?

"Cut losers and let winners run" - Yeah, that's market timing. It's not really a good strategy - just something make you feel good.

otoh "Nobody knows nothing" - Yeah, nobody can figure out the market in the sense that they will know for sure the winners and losers. If they can, they don't need 30-40 years horizon; they only need a few months to get super rich. If you know something, speak out, maybe?

Thesaints
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Re: Simple-minded sayings?

Post by Thesaints » Thu Sep 20, 2018 12:52 pm

"Be greedy when others are fearful" and vice-versa is also market timing, or at a minimum one is assuming to be smarter than the market.

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Taylor Larimore
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"22 Reasons Why Daily Inspirational Quotes Are So Important In Your Life"

Post by Taylor Larimore » Thu Sep 20, 2018 1:58 pm

libralibra wrote:
Thu Sep 20, 2018 11:45 am
I've noticed boglehead threads are full of aphorisms

Almost every time someone mentions buying a stock, someone will reply smugly "Why do you think you know more than the seller?"

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy"

but then someone will decree "Don't try to time the market"

while also suggesting to "Rebalance on Really Bad Days"

however "Cut losers and let winners run"

otoh "Nobody knows nothing"
...

A pithy saying doesn't really provide much analysis or end a debate. On the plus side, I think we're all set to fry the brains of any race of androids from Star Trek that attack the planet!
libralibra:

This article explains why I believe aphorisms (short pithy sayings) can be helpful:

22 Reasons Why Daily Inspirational Quotes Are So Important In Your Life

These wiki quotes What Experts Say About Investing offer a short and easy way to learn how to invest successfully:

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

Thesaints
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Re: Simple-minded sayings?

Post by Thesaints » Thu Sep 20, 2018 2:44 pm

delamer wrote:
Thu Sep 20, 2018 12:11 pm
The first refers to rebalancing — which means having the nerve to buy stocks after a crash when others are afraid to.
That's a rather free interpretation, IMO. One has to rebalance regardless of whether (other) investors are being greedy, or fearful.
I see the aphorism as somewhat implying that this investor can determine when greed is at work and when fear is, and act differently from the market.
Evidently, it could never be possible for all investors to do so.

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House Blend
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Re: Simple-minded sayings?

Post by House Blend » Fri Sep 21, 2018 8:26 am

libralibra wrote:
Thu Sep 20, 2018 11:45 am
A pithy saying doesn't really provide much analysis or end a debate.
Pfft. Looks like you missed the opportunity to respond in kind:

"A witty saying proves nothing."


https://en.wikiquote.org/wiki/Voltaire

IowaFarmBoy
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Re: Simple-minded sayings?

Post by IowaFarmBoy » Fri Sep 21, 2018 8:30 am

I've come up with one that is a response to the "Rent its throwing your money away" but it hasn't caught on yet. Maybe it it's too obtuse.....

"You're ether renting your money (mortgage) or your house."

ImmigrantSaver
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Re: Simple-minded sayings?

Post by ImmigrantSaver » Fri Sep 21, 2018 9:05 am

IowaFarmBoy wrote:
Fri Sep 21, 2018 8:30 am
I've come up with one that is a response to the "Rent its throwing your money away" but it hasn't caught on yet. Maybe it it's too obtuse.....

"You're ether renting your money (mortgage) or your house."
I like it. Now we need one for "but the prices of the homes will only go up" :oops:

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greg24
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Re: Simple-minded sayings?

Post by greg24 » Fri Sep 21, 2018 9:08 am

Non-actionable (trolling) topics are non-actionable.

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climber2020
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Re: Simple-minded sayings?

Post by climber2020 » Fri Sep 21, 2018 9:26 am

They're simple sayings, but many still seem to have difficulty following them.

Look at all the "why international?" posts that come up several times a week. During a future period of time when international is doing really well and US stocks are mediocre, I bet these posts will disappear and be replaced with "do I need more international?".

asif408
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Re: Simple-minded sayings?

Post by asif408 » Fri Sep 21, 2018 9:47 am

libralibra wrote:
Thu Sep 20, 2018 11:45 am
A pithy saying doesn't really provide much analysis or end a debate.
True, but most people who have lots of followers or fans have pithy sayings, because long-winded discussions about nuance tend not to appeal to the masses, especially about topics that they have lukewarm interest in. Think radio and TV personalities. They have a lot more influence on average people when they combine their pithy sayings with their physical looks (for TV personalities, at least) and their ability to sound authoritative and confident using appealing hand and facial gestures, along with what they say and how they say it.

I think this website is great, but how many average people are going to go through the forums here and read 21 page posts about the ins and outs whether or not international diversification is necessary? To appeal to any kind of broad audience you have to avoid too much detail.

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aspirit
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Re: Simple-minded sayings?

Post by aspirit » Fri Sep 21, 2018 10:14 am

This is my simple minds favorite saying:
Attributed to Twain: “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”

That might touch on your thinking, and it might not. :happy
Good luck!
Time & tides wait for no one. A man has to know his limitations.

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Sandtrap
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Re: Simple-minded sayings?

Post by Sandtrap » Fri Sep 21, 2018 10:31 am

All things in moderation . . . . includimg moderation. :shock:

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cheese_breath
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Re: Simple-minded sayings?

Post by cheese_breath » Fri Sep 21, 2018 10:36 am

It ain't over till it's over.
The surest way to know the future is when it becomes the past.

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Re: Simple-minded sayings?

Post by Teague » Fri Sep 21, 2018 10:41 am

“ I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant.”

(Pithy if you're a Fed chairman.)
Semper Augustus

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Just sayin...
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Re: Simple-minded sayings?

Post by Just sayin... » Fri Sep 21, 2018 10:44 am

“Wherever you go, there you are.”

HEDGEFUNDIE
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Re: Simple-minded sayings?

Post by HEDGEFUNDIE » Fri Sep 21, 2018 10:54 am

“Comparison is the thief of joy”

It could also be the kick in the pants one needs to get one’s investment portfolio back on track

libralibra
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Re: Simple-minded sayings?

Post by libralibra » Fri Sep 21, 2018 1:50 pm

greg24 wrote:
Fri Sep 21, 2018 9:08 am
Non-actionable (trolling) topics are non-actionable.
heh, one actionable thing would be if people could come up with more cogent arguments rather than thinking a simple witticism solves someone's problem. The aphorisms people have come up with are basically all true (that's why they're called aphorisms), but you can't really make day-to-day decisions on them alone. Of course, Aesop, Franklin, and Seinfeld all made a good living in their times by compiling them, but I wonder if living with Benjamin Franklin got tiring fast:

Wife: Should we slaughter the goat or keep it for milk?

Ben: Don't kill the goose that lays the golden egg.

Wife: Yeah, but we have enough goats.

Ben: Live each day like it's your last.

Wife: Yeah, it's a good meal.

Ben: A bird in the hand is worth two in the bush.

Wife: Wait, what? So keep it?

Ben: A penny saved is a penny earned.

Wife: What? What does that even have to do with this?

Ben: He who hesitates is lost.

Wife: Yeah, because you're not helping make a decision at all.

Ben: Buy low, sell high.

Wife: Oh never mind! I'll go check with my brother.

Ben: Blood is thicker than water.

<door slams>

barnaclebob
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Re: Simple-minded sayings?

Post by barnaclebob » Fri Sep 21, 2018 1:52 pm

I always liked "yeah and if granny had wheels she'd be a wagon"

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Re: Simple-minded sayings?

Post by bloom2708 » Fri Sep 21, 2018 1:59 pm

A bunch of Forrest Gump and Yogi Berra quotes are running through my mind.

Stupid is as stupid does.

Life is like a box of chocolates; you never know what you are going to get.

It's like deja vu all over again.

When something was overdone my grandpa would say "That is like putting mag wheels on a manure spreader...."
Last edited by bloom2708 on Fri Sep 21, 2018 2:24 pm, edited 1 time in total.
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Re: Simple-minded sayings?

Post by KlangFool » Fri Sep 21, 2018 2:03 pm

OP,

You have to survive in order to succeed.

KlangFool

FireAway
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Re: Simple-minded sayings?

Post by FireAway » Fri Sep 21, 2018 2:31 pm

If you can't find an easy solution, you just aren't trying hard enough.

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Taylor Larimore
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"Our lives are frittered away by detail"

Post by Taylor Larimore » Fri Sep 21, 2018 3:11 pm

Bogleheads:

This is my favorite saying. It changed my life. The author is the great philosopher, Henry David Thoreau:

Our lives are frittered away by detail. Simplify, Simplify, Simplify!

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

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randomizer
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Re: Simple-minded sayings?

Post by randomizer » Fri Sep 21, 2018 4:24 pm

libralibra wrote:
Thu Sep 20, 2018 11:45 am
I've noticed boglehead threads are full of aphorisms
It's so simple (one of its great strengths) that it lends itself well to sayings. Sometimes they get bandied about in a way that doesn't add much depth or insight to the conversation, but that doesn't mean the sayings aren't useful.
87.5:12.5, EM tilt — HODL the course!

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cheese_breath
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Re: Simple-minded sayings?

Post by cheese_breath » Fri Sep 21, 2018 7:33 pm

bloom2708 wrote:
Fri Sep 21, 2018 1:59 pm
.... Stupid is as stupid does....
Can't change stupid.
The surest way to know the future is when it becomes the past.

cheesepep
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Re: Simple-minded sayings?

Post by cheesepep » Sat Sep 22, 2018 3:12 am

Be like water.

-Bruce Lee

Probably applies to investing also. Don’t be fixated on one thing.

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arcticpineapplecorp.
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Re: Simple-minded sayings?

Post by arcticpineapplecorp. » Sat Sep 22, 2018 8:00 pm

"simplicity is the ultimate sophistication"
"Invest we must." -- Jack Bogle | “The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.” -- William Bernstein

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Re: Simple-minded sayings?

Post by watchnerd » Sat Sep 22, 2018 8:10 pm

Bulls make money, bears make money, pigs get slaughtered
Tax Sheltered: 35% US Stock | 35% ex-US Stock | 30% TTM || Taxable: 35% US Stock | 35% ex-US Stock | 15% TTM | 15% Munis

Ron Scott
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Re: Simple-minded sayings?

Post by Ron Scott » Sat Sep 22, 2018 8:39 pm

Haste makes waste but a stitch in time saves nine.

Long term returns in the stock market can be predicted.

You can trust the 4% Rule.

“This time is different.“ Is a joke, because everybody knows nothing ever changes.

Buying the total market is the smartest thing you can do, except for factor investing, which really smart people know how to do.

FireCalc output data is all you need to accurately predict the market returns during the next 30 years.

Regardless what’s going on anymore it is always best to invest 100% of a windfall in equities than to dollar cost average.

“Your age in bonds” used to be a good thing to do. We forget why. Ditto for investing between 25% and 75% in stocks.

Bogle is right, except for international investing and 1.6% real returns during the next decade

No, RandomWalker is not Larry Swedlow! Jeze..,
Retirement is a game best played by those prepared for more volatility in the future than has been seen in the past. Preparing for financial challenges is more fruitful than trying to predict them.

btr
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Re: Simple-minded sayings?

Post by btr » Sun Sep 23, 2018 11:50 am

I can't recall the article I was reading, but an author was comparing the long-term trend lines from 2003-2007 to 2009-2018:

"Everything was great, until it wasn't"

Jiu Jitsu Fighter
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Re: Simple-minded sayings?

Post by Jiu Jitsu Fighter » Sun Sep 23, 2018 12:20 pm

Remember, always wipe and stay off the pipe.

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Re: Simple-minded sayings?

Post by tennisplyr » Mon Sep 24, 2018 7:03 am

greg24 wrote:
Fri Sep 21, 2018 9:08 am
Non-actionable (trolling) topics are non-actionable.
If you think about it, everything is actionable.
Those who move forward with a happy spirit will find that things always work out.

2pedals
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Re: Simple-minded sayings?

Post by 2pedals » Mon Sep 24, 2018 7:39 am

OP, I don't agree that the aphorism examples you have given are "simple minded". Although they are never exactly true for everybody, they contain some useful information in a few words and they should never be taken out of context to the discussion. "They are food for thought". The aphorisms you listed are so general and almost meaningless unless you are referring to a specific thread.

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