Quotes about "Personal Finance & Financial Independence"

It's critical to have a disciplined investing approach and stick with it. ”

The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for dollar bills that you can buy for 50 cents or at some big discount - that is universal to value investing. ”

Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets. ”

Humans are hard-wired to be irrational when it comes to financial decisions. We must understand that so we don't become the sucker at the poker table. ”

The potential rewards of small-cap investing do not come without risk. ”

When reviewing one's portfolio, it is important to be aware of common mental mistakes that may lead to bad decisions. The most powerful is commitment bias, which, as manifested in investing, is the tendency to fall in love with one's stocks. ”

Investing is a probabilistic business. Every once in a while, it's sort of like you're throwing six-sided dice, and anything except a one or a two, you're doing well. Statistically speaking, you throw the dice enough times, you're going to throw a one or a two five times in a row, and you're going to look pretty foolish, right? ”

Generally, I like people's trunk projects, the things they were working on before anyone knew who they were. I think when people run out of their trunk items and they start doing stuff just to do a film next year, the quality goes down, the interest goes down. Maybe it feels commercial or something. ”

My friends in Paris are writers, or something like that, whereas my friends in New York are doing cool stuff in finance and living very different lives. In writing, it's pretty solitary, so it doesn't really matter who's around. ”

Everybody is constantly putting themselves under a microscope in terms of their productivity and their financial success and this whole idea of 'Picture Me Better,' like picture me, you know, who I'm supposed to be versus, you know, just accepting who we all are. ”