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William J. Bernstein Quotes: 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.


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.



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.





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Leave fears aside, clean tears away! Tell God "here I am, use me!" and he'll give you the assignments that will make your life a fulfilled one. Now dress up to work!

Leave fears aside, clean tears away! Tell God "here I am, use me!" and he'll give you the assignments that will make your life a fulfilled one. Now dress up to work!



The wise man reveals more than words spoken.

The wise man reveals more than words spoken.



God does not change us in order to love us. He loves us in order to change us.

God does not change us in order to love us. He loves us in order to change us.



Well, I can do certain jobs because smells don't bother me. But that means I'm usually the one at the ranch cleaning up all the manure.

Well, I can do certain jobs because smells don't bother me. But that means I'm usually the one at the ranch cleaning up all the manure.



I learnt that music cost something, and that's a good thing. Also, that I should exercise, because I didn't and I got very sick.

I learnt that music cost something, and that's a good thing. Also, that I should exercise, because I didn't and I got very sick.



there are times when the one thing you haven't counts more than all the riches that may be yours.

there are times when the one thing you haven't counts more than all the riches that may be yours.



Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.



I'm not a plotter or a schemer. I'm a guy that looks at problems and tries to solve them, which I have done all of my career, creating jobs in Washington, creating jobs in Ohio.

I'm not a plotter or a schemer. I'm a guy that looks at problems and tries to solve them, which I have done all of my career, creating jobs in Washington, creating jobs in Ohio.



Start small; Think possibilities; Reach beyond your known abilities; Invest all you have in your dream; Visualize miracles; Expect to experience success.

Start small; Think possibilities; Reach beyond your known abilities; Invest all you have in your dream; Visualize miracles; Expect to experience success.




Quote Description


This page presents the quote "When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.". Author of this quote is William J. Bernstein. This quote is about next year, hero, managers, turns, fund, zero, years,.