[favorite] Boglehead quotes

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tim1999
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Re: [favorite] Boglehead quotes

Post by tim1999 » Wed Jun 13, 2018 10:46 pm

Here's an old one that served me well:

"Maximum tolerable loss x 2 = Maximum equity allocation"
-Adrian Nenu

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FrugalInvestor
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Re: [favorite] Boglehead quotes

Post by FrugalInvestor » Wed Jun 13, 2018 11:12 pm

One of my favorites of all time is one used often by Jack Bogle.....

"Don't just do something; stand there."

Little did I know (before a quick Google search) that it was around long before Jack first used it. In case there's at least one other Boglehead who didn't know this, here's the interesting history of this saying that is so applicable to the Boglehead philosophy.

https://quoteinvestigator.com/2014/03/22/stand-there/

From the above article:
This quip has been used by many people over the years including politician Adlai Stevenson and Hollywood star Clint Eastwood.
IGNORE the noise! | Our life is frittered away by detail... simplify, simplify. - Henry David Thoreau

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Goldfinger
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Re: [favorite] Boglehead quotes

Post by Goldfinger » Wed Jun 13, 2018 11:54 pm

Most of these are attributable to Dr. William Bernstein:

"When you buy the market, you are hiring the aggregate judgment of the most brilliant and well-informed minds in finance."

"The market is brutally efficient and can be thought of as being smarter than even its wisest participants."

"Most brokers service customers the same way in which Bonnie and Clyde serviced banks."
"At cocktail parties lovely ladies would corner me and ask my opinion of the market, but alas, when they learned I was a bond man, they would quietly drift away." -- Sidney Homer/Salomon Bros

fujiters
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Re: [favorite] Boglehead quotes

Post by fujiters » Thu Jun 14, 2018 1:38 am

livesoft on "MD&P just purchased X / sold Y [md&pharmacist]":

Ah, yes. But Bogleheads will help investors navigate between the day-trading Scylla and the leveraged Charybdis with ease. But that is only if they can first tie themselves to the 3-fund portfolio mast while the Sirens call "Slice-and-Dice! Slice-and-Dice!"
“The purpose of the margin of safety is to render the forecast unnecessary.” -Benjamin Graham

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grabiner
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Re: [favorite] Boglehead quotes

Post by grabiner » Sun May 05, 2019 10:50 am

From Equity funds for taxable accounts:
Rick Ferri wrote:Be prepared to marry forever the equity mutual funds and ETFs you buy in a taxable account because divorce is often a taxing experience.
Wiki David Grabiner

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grabiner
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Re: [favorite] Boglehead quotes

Post by grabiner » Tue Jan 14, 2020 10:35 pm

From Value of Active and Ongoing Reading of the Bogleheads Forums:

William Bernstein (Dr.) likes to say that a portfolio is a like a bar of soap--the more it's handled, the less there is!
Wiki David Grabiner

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abuss368
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Re: [favorite] Boglehead quotes

Post by abuss368 » Tue Jan 14, 2020 11:23 pm

grabiner wrote:
Sun May 05, 2019 10:50 am
From Equity funds for taxable accounts:
Rick Ferri wrote:Be prepared to marry forever the equity mutual funds and ETFs you buy in a taxable account because divorce is often a taxing experience.
That is a good one.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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abuss368
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Re: [favorite] Boglehead quotes

Post by abuss368 » Tue Jan 14, 2020 11:23 pm

grabiner wrote:
Tue Jan 14, 2020 10:35 pm
From Value of Active and Ongoing Reading of the Bogleheads Forums:

William Bernstein (Dr.) likes to say that a portfolio is a like a bar of soap--the more it's handled, the less there is!
Never heard that one before! Thanks for sharing.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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whodidntante
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Re: [favorite] Boglehead quotes

Post by whodidntante » Wed Jan 15, 2020 12:04 am

I can't wait to read the post from Toons where he advises someone to borrow money. :happy

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Taylor Larimore
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Boglehead quotes

Post by Taylor Larimore » Wed Jan 15, 2020 11:50 am

grabiner wrote:
Fri Jun 15, 2012 9:12 pm
I'd like to save some great quotes from the forum on this thread.

This was a beautiful analogy.

http://www.bogleheads.org/forum/viewtop ... 4#p1417874
retiredjg wrote:So the 3 treasury funds are more like celery soup, bean soup, and tomato soup while the Spartan US Bond Index is like minestrone soup (the other three all mixed together with some other stuff in there too). Obviously, the US Bond Index is the most diversified.
Bogleheads:

Tomorrow is the first anniversary of John Bogle's death. I intend to honor our namesake by sharing many of his greatest quotes.

Best Wishes
Taylor
Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our nation, and our world"
"Simplicity is the master key to financial success." -- Jack Bogle

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Abe
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Re: [favorite] Boglehead quotes

Post by Abe » Wed Jan 15, 2020 4:07 pm

Grt2bOutdoors wrote:
Sun Apr 29, 2018 8:47 pm
I'm working on my second million, the first one I lost - forum poster
I'm working on my second million; I gave up on the first one. :happy
Slow and steady wins the race.

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