Showing 10 of 78 quotes
Whenever I see a forecast written out to two decimal places, I cannot help but wonder if there is a misunderstanding of the limitations of the data, and an illusion of precision. ”
Returnless risk' is not how you prepare for a decent retirement. ”
A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was not their family connections nor ties to Ivy League schools or elite banks, but rather the strength of their research, analysis and writing. ”
Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling. ”
Indeed, eventually, random outcomes all revert to the mean, meaning that streaks eventually end. Understanding this is a key part of intelligent and rational investing. ”
We must recognize our own behavioral errors. To be blunt, you are not likely to become a cognitive Zen master anytime soon. But a little enlightenment could keep you from making some common investing errors. ”
Content is king. When you are asking people to read you several times a day, you better have some fine content. ”
If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail. ”
Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing. ”
Truth be told, most financial television bores me. Two or more people discussing the latest economic trends or hot stocks is not especially entertaining. ”