“I look to the future because that is where I’m going to spend the rest of my life.” – George Burns Morningstar’s John Rekenthaler had an interesting article recently that discusses what matters most when saving for retirement. He goes over a hypothetical situation where a 42-year old investor is looking at the options for…

“Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.” – Joel Greenblatt For investors that would like to keep things extremely simple, investing in a low cost…

“Debt hangs over you; it’s a nasty, omnipresent cloud which never makes you feel better and often makes you feel worse.” – Felix Salmon Ray Dalio of Bridgewater Associates is one of the richest, most well-respected hedge fund managers in the world. Like all of the very best investment minds he has the ability to…

“The future is messy and the past is neat. It’s always like that.” – Seth Godin Check out this CNN Money headline from earlier this week: What’s Congress going to do now? Will there be a war in the Middle East? Is there going to be another government shutdown? Where will the next black swan…

“The problem with patience and discipline is that it requires both of them to develop each of them.” – Thomas Sterner Investing is all about balance. You must balance your tolerance for risk with your desire to build wealth. You must balance your short-term needs with your long-term goals. And you must find balance within…

“Most of us view the world as more benign than it really is, our own attributes as more favorable than they truly are, and the goals we adopt as more achievable than they are likely to be. We also tend to exaggerate our ability to forecast the future, which fosters overconfidence.” – Daniel Kahneman I…

“I don’t believe people who say they don’t care about money and I don’t trust people who care too much.” – Doc Ford According to the World Wealth Report, there are a total of 12 million individuals that are millionaires* around the globe. In the US, that number is roughly 3.7 million people. People have…

“The more you think you know, the more closed-minded you’ll be.” – Ray Dalio Every week there seems to be at least one piece of news, economic data or important meeting that market participants think will determine the fate of the markets. This week the Fed met to decide what to do about their bond…

“There seems to be some perverse human characteristic that likes to make easy things difficult.” – Warren Buffett This notecard comes from Harold Pollack, a professor at the University of Chicago. It was posted on Twitter (via @m_sendhil) a few weeks ago. I love the idea of being able to distill as much financial knowledge…

“It’s tough to stay married. My wife kisses the dog but won’t drink from my glass.” “I haven’t spoken to my wife in years. I didn’t want to interrupt her.” – Rodney Dangerfield While attending a recent wedding I was asked what financial advice I would offer to the newlyweds. Here’s what I came up…