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William J. Bernstein Quotes: 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.


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.



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.



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.



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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There is no error more absurd, and yet more rooted in the heart of man, than the belief that his sufferings will promote his spiritual safety.

There is no error more absurd, and yet more rooted in the heart of man, than the belief that his sufferings will promote his spiritual safety.



It isn't normal to know what we want. It is a rare and difficult psychological achievement.

It isn't normal to know what we want. It is a rare and difficult psychological achievement.



The light of God is in you. Let your light shine!

The light of God is in you. Let your light shine!



there are these places on your poem, / where I want to write bodies.

there are these places on your poem, / where I want to write bodies.



In the fall nature informs us of its artistic side. It again confirms the beauty of the world. Nature is art perfected.

In the fall nature informs us of its artistic side. It again confirms the beauty of the world. Nature is art perfected.



It's amazing how good getting up and moving makes you feel.

It's amazing how good getting up and moving makes you feel.



Family life is the normal context in which we can learn that a life filled with thinking about others instead of ourselves is the sure road to the most fulfilling joys and satisfactions.

Family life is the normal context in which we can learn that a life filled with thinking about others instead of ourselves is the sure road to the most fulfilling joys and satisfactions.



Religion helps you relate with the universe. Buddha was indifferent to the concept of god yet he gave us values.

Religion helps you relate with the universe. Buddha was indifferent to the concept of god yet he gave us values.



In the long history of human affairs, common sense doesn’t have the greatest track record.

In the long history of human affairs, common sense doesn’t have the greatest track record.



Laws, however divine in origin and institution, would be found of little coercion among men, were the administration of them not committed to mortals.

Laws, however divine in origin and institution, would be found of little coercion among men, were the administration of them not committed to mortals.




Quote Description


This page presents the quote "If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.". Author of this quote is William J. Bernstein. This quote is about return, familiar, deviation, investment, investing,.