“What goes up comes down, and what goes down comes back up.” – Mark Mobius

“The “winner’s game” of rigorous, individualized values discovery and counseling may not be as financially rewarding to investment managers as the performance “product” business based on price discovery, but as a profession, it would be far more fulfilling.” – Charles Ellis Charles Ellis, author of the classic book investment book Winning the Loser’s Game, came…

“There is no such thing as a perfect portfolio. We’ll only know what was perfect in retrospect. There is, however, a portfolio strategy that will meet your needs. It’s conceived from your financial situation, your understanding of risk, your time horizon and your desires.” – Rick Ferri MarketWatch columnist Brett Arends has been looking for…

“You have to build systems to protect against your lesser self.” – Tim Ferriss I’m a big fan of the new Tim Ferriss podcast. He interviews successful people from a wide range of backgrounds and shares interesting productivity and process improvements. His latest with author Neil Strauss is the best one I’ve listened to yet….

A few months ago I looked at what would happen if you only invested at market peaks over a long time frame. It turned out the results weren’t as bad as you would think. Gaspar Fierro, a blogger at the Spanish website Rankia, decided to run the numbers on the opposite end of the spectrum…

“This is one of the most important rules of investing. If you never peek from the age of 20 to the age of 70, you’ll rip that first 401(k) statement open at age 70, and I recommend you have a doctor on hand because you’ll go into a dead faint. Your heart might even stop….

“Doc Brown was the brains of the operation, but Marty McFly would have done better on CNBC.” – Jeff Macke In Clash of the Financial Pundits, Jeff Macke asks CNBC contributor Karen Finerman if most people are better off not watching financial television every day. Here was her response: You’re maybe better off – not maybe;…

Some simple reminders about what to focus on: Portfolio management not investment strategies. Meeting your needs & desires not beating benchmarks. Risk management not risk measurement. Long-term process not short-term outcomes. Products you understand not investments that sound clever. Important not urgent. Simplicity not complexity. Think opportunities not volatility. Fewer decisions not more choices. Enough…

“Job one for the investor, then, is to learn as best she can, to ignore the day-to-day and year-to-year speculative return in order to earn the fundamental return.” – William Bernstein William Bernstein continues to put out thought-provoking, no-nonsense books on investing. Rational Expectations: Asset Allocation for Investing Adults is his latest and it didn’t…

“If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period?  Many investors get this one wrong.  Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise…