Quotes about "Personal Finance & Financial Independence"

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong. ”

Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term to describe portfolios that have been assembled for purposes other than serving the clients' best interests. ”

When it comes to investing, there is no such thing as a one-size-fits-all portfolio. ”

The beauty of diversification is it's about as close as you can get to a free lunch in investing. ”

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized. ”

Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination. ”

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes. ”

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future. ”

We excuse movies like 'Independence Day' that really lack logic and say, 'It doesn't make any sense, but it's a ride.' I thought a movie was a movie and a ride was a ride. ”

My advice is that it's easier to write than direct. If you have an interest in writing, write. You might as well start with yourself or some event you know well, and you need a point of view. ”