Investing Influences

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chris319
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Investing Influences

Post by chris319 »

Is there a well-known investor other than Jack Bogle who has influenced your investing? Bogle is the obvious inspiration for everyone on this board, but is there anyone besides him?

Lately I'm finding myself influenced by Warren Buffett and Charlie Munger. I have watched several videos with them and they've taught me the value of taking a longer-term view of my investments than previously, and not to seek instant gratification. I'm glad we have video recordings of them to hear them speak.

Cathie Wood hasn't inspired me. I see her as more soothsayer than stock picker. I wish her great good luck in predicting the future.

Although he is not well known to the general public, a fellow who has written several books about leverage and money management is Ralph Vince. I have his first book and it is thick with math but the underlying principles have been quite valuable to me.
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L84SUPR
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Re: Investing Influences

Post by L84SUPR »

Not an investor in the way I think you mean, but in terms of the finer points of tents, buckets, glide paths, SWR, etc. I have been influenced by Michael Kitces. For me his writing bridges the gap from theory to modeling to practice.
Marseille07
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Re: Investing Influences

Post by Marseille07 »

Warren Buffett. I ran into someone a decade ago who recommended S&P500; little I knew he happened to be saying the same thing as the sage of Omaha.
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Trader Joe
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Re: Investing Influences

Post by Trader Joe »

chris319 wrote: Mon Sep 13, 2021 11:14 pm Is there a well-known investor other than Jack Bogle who has influenced your investing? Bogle is the obvious inspiration for everyone on this board, but is there anyone besides him?

Lately I'm finding myself influenced by Warren Buffett and Charlie Munger. I have watched several videos with them and they've taught me the value of taking a longer-term view of my investments than previously, and not to seek instant gratification. I'm glad we have video recordings of them to hear them speak.

Cathie Wood hasn't inspired me. I see her as more soothsayer than stock picker. I wish her great good luck in predicting the future.

Although he is not well known to the general public, a fellow who has written several books about leverage and money management is Ralph Vince. I have his first book and it is thick with math but the underlying principles have been quite valuable to me.
No, John Bogle is it.
doobiedoo
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Re: Investing Influences

Post by doobiedoo »

L84SUPR wrote: Mon Sep 13, 2021 11:33 pm ..I have been influenced by Michael Kitces. For me his writing bridges the gap from theory to modeling to practice.
I second that. I subscribe to Michael Kitces's newsletters. He is often the first to write about strategies based on new laws, e.g. Obama Care tax credits for low income taxpayers, which was useful in bridging medical insurance between retirement and Medicare.
https://www.kitces.com/blog/how-the-pre ... -tax-rate/
placeholder
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Re: Investing Influences

Post by placeholder »

For me it was Paul Merriman and Larry Swedroe whose writings brought me to the idea of index funds and allocations and that you could do this yourself with a plan.
ReadyOrNot
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Re: Investing Influences

Post by ReadyOrNot »

Burton Malkiel's "The Random Walk Guide To Investing" was a pretty good condensed summary of his old advice, but now too old to have much influence.
Gundy
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Re: Investing Influences

Post by Gundy »

Pete Lynch

I buy individual stocks. Hold them passively for decades+. It works better than indexing if one has lots of discipline and can think independently.
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Stinky
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Re: Investing Influences

Post by Stinky »

Taylor Larimore, Michael LeBeouf, and Mel Lindauer.

The three authors of "The Bogleheads Guide to Investing".
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Archean
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Re: Investing Influences

Post by Archean »

Rick Ferri's book "All about asset allocation" was a game changer for me.
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livesoft
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Re: Investing Influences

Post by livesoft »

ReadyOrNot wrote: Tue Sep 14, 2021 1:37 amBurton Malkiel's "The Random Walk Guide To Investing" was a pretty good condensed summary of his old advice, but now too old to have much influence.
When Malkiel first published this book which took dead aim at Active Investing it was very influential to me. Now Passive Investing is pretty much Main Stream and no longer a novelty.

I want to mention William Bernstein's "The Four Pillars of Investing", too. It was one of many of the accessible books about tilting to small-caps and value. Tilting away from Total Market Weights has fallen out of favor in the past 5 years or so, but I'm sure it will be back.
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goingup
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Re: Investing Influences

Post by goingup »

Have you seen Taylor's Investing Gems from the forum wiki? It's pretty amazing. Taylor has culled and compiled the most important quotes from dozens of influential authors' books.
https://www.bogleheads.org/wiki/Taylor_ ... tment_Gems
Fallible
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Re: Investing Influences

Post by Fallible »

Jason Zweig, Jonathan Clements, Jane Bryant Quinn, Charlie Ellis, Morgan Housel, Ben Carlson, Taylor Larimore, Mel Lindauer, Michael LeBeouf, Rick Ferri, Richard Thaler, Buffett and Munger, Larry Swedroe, and Ben Graham, to name a few.
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
mr_brightside
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Re: Investing Influences

Post by mr_brightside »

definitely Mr Bogle

also Jane Bryan Quinn and Liz Weston as far as being 'savvy' at general financial planning -- budgeting, savings, tax implications, general personal finance

also the authors of Millionaire Next Door : Thomas Stanley / William Danko. nothing technical but it reinforced that with a plan and enough time a decent earning American can achieve a net worth of over $1M.

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Silversides
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Re: Investing Influences

Post by Silversides »

Honestly Bogle’s On Mutual Funds audiobook plus this forum for efficient asset allocation advice was 99% of what I needed to know.

The portfolio review posts and responses here are gold for learning through the experiences of others knowing I may one day face similar situations.

I’ll add that I found this place via the White Coat Investor site and enjoy reading the short articles there and owe them a nod.
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1789
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Re: Investing Influences

Post by 1789 »

I was inspired by so many regular people who are millionaires now. They are NOT well known, but they are

electricians, technicians, teachers etc... they wrote the book of how to live below your means
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bondsr4me
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Re: Investing Influences

Post by bondsr4me »

chris319 wrote: Mon Sep 13, 2021 11:14 pm Is there a well-known investor other than Jack Bogle who has influenced your investing? Bogle is the obvious inspiration for everyone on this board, but is there anyone besides him?

Lately I'm finding myself influenced by Warren Buffett and Charlie Munger. I have watched several videos with them and they've taught me the value of taking a longer-term view of my investments than previously, and not to seek instant gratification. I'm glad we have video recordings of them to hear them speak.

+1

Warren and Charlie have had an influence; I enjoy the videos and have a few books about them.
DaufuskieNate
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Re: Investing Influences

Post by DaufuskieNate »

Benjamin Graham, Larry Swedroe, Antii Ilmanen and Laurence Kotlikoff.
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Forester
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Re: Investing Influences

Post by Forester »

William Bernstein (precious metals, waryness of LT bonds), Meb Faber (country valuations), Bogle (CMH), Pim van Vliet & Lawrence Hamtil (low vol). Then lately I have turned sour on momentum & trend thanks to Rob Arnott & others, I now view it as a form of gambling.
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FoundingFather
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Re: Investing Influences

Post by FoundingFather »

Dave Ramsey, Jack Bogle, and the Bogleheads community.

My parents never spoke much about money growing up, other than they encouraged me to save. Listening to Dave Ramsey over the last 20 years I have learned many good lessons, usually in the form of ridiculing a caller for their obvious ignorance, then realizing that I was guilty of the same sin... :wink:

When I had my financial house in order, I started wanting more specific investing advice, and found Jack Bogle. He is my investing lodestar.

Once I was on board with Jack's philosophy, I wanted some guidance on implementation, and found this board. What a huge help it has been! I especially appreciate Taylor Larimore and a certain butterfly, whose posts have been most influencial.

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secondopinion
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Re: Investing Influences

Post by secondopinion »

Not really anyone influences my investing. I try to make my own way independently (aside from reading some theory of mathematical finance, but even then I limit my acceptance as it pertains to investing). If I cannot make my own decisions, then why am I even in the market?
Forester wrote: Thu Sep 16, 2021 10:49 am William Bernstein (precious metals, waryness of LT bonds), Meb Faber (country valuations), Bogle (CMH), Pim van Vliet & Lawrence Hamtil (low vol). Then lately I have turned sour on momentum & trend thanks to Rob Arnott & others, I now view it as a form of gambling.
Gambling? I think only personal psychology and the nature of risk creation will determine if this is an actual gamble. Someone has to hold the risk of a given stock at some point, regardless if it is seconds or decades. But longer terms are less subject to human faults. I am getting tired of the general claim about the market being gambling unless it is a fund; after all, a portfolio of gambles is a gamble.
heyyou
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Re: Investing Influences

Post by heyyou »

There were sequential influences from many of the above mentioned authors, which then dimmed over time due to each suggestion having its own secondary risks, thus showing how the principles endure but the market seldom repeats with any precision on specific historical allocations. Thank you to BHs for the broad exposure to each of those authors' interpretations.
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Artful Dodger
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Re: Investing Influences

Post by Artful Dodger »

Peter Lynch's book One Up on Wall Street (the 1988 edition) was the first book I recall reading on investing.

Bogle's Little book on Common Sense Investing (2007 edition) was the book that profoundly influenced me and caused me to move to index investing. I read it in 2012 or early 2013, then shortly after moved my funds away from Fisher and back to Fidelity using primarily index funds.

Shortly after I discovered Bogle Heads but first was reading the subforum on Morningstar, then finally went to the regular BH's forum.
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chris319
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Re: Investing Influences

Post by chris319 »

I am getting tired of the general claim about the market being gambling unless it is a fund; after all, a portfolio of gambles is a gamble.
It's a gamble so long as there is risk involved, even your index funds.

You can't equate the investing we do with casino gambling. In Las Vegas the games are designed to favor the house; that's how the casino (a business) makes its money. There is very little risk as far as the casino is concerned. With index investing you're playing against Mr. Market, the aggregate of all other investors.
The only person you have to please in life is yourself.
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