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William J. Bernstein Quotes: All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.
         

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.


William J. Bernstein
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Other quotes of William J. Bernstein


For the taxable investor, indexing means never having to say you're sorry.

For the taxable investor, indexing means never having to say you're sorry.



Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.



The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.



The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.



There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.



99% of fund managers demonstrate no evidence of skill whatsoever.

99% of fund managers demonstrate no evidence of skill whatsoever.



You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.



If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.



Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.



When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.





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To dissimulate is to pretend not to have what one has. To simulate is to feign to have what one doesn't have.

To dissimulate is to pretend not to have what one has. To simulate is to feign to have what one doesn't have.



If you have really given your burden over to God, then soon your ministry will bring you great joy!

If you have really given your burden over to God, then soon your ministry will bring you great joy!



she never showed girly weaknesses like cellulite or crushes. she never lingered on injustices committed against her.

she never showed girly weaknesses like cellulite or crushes. she never lingered on injustices committed against her.



The artist must possess at least as much conviction as does his enemy, the dogmatic, mealy-mouthed, anti-art bigot.

The artist must possess at least as much conviction as does his enemy, the dogmatic, mealy-mouthed, anti-art bigot.



What does it mean when something changes how it's always been?

What does it mean when something changes how it's always been?



Nothing comes free. Nothing. Not even good, especially not good.

Nothing comes free. Nothing. Not even good, especially not good.



You have to be open to everything.

You have to be open to everything.



I think a lot of Indians want Indian artists to be cultural cheerleaders rather than cultural investigators.

I think a lot of Indians want Indian artists to be cultural cheerleaders rather than cultural investigators.



A woman drove me to drink and I didn't even have the decency to thank her.

A woman drove me to drink and I didn't even have the decency to thank her.




Quote Description


This page presents the quote "All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.". Author of this quote is William J. Bernstein. This quote is about investors, terrible, humans,.