“Successful investing is anticipating the anticipation of others.” – John Manard Keynes

“Even investors who were guided by a quantitative stock selection system can let their human inconsistencies hogtie them.” – Jim O’Shaughnessy

“Wealth isn’t primarily determined by investment performance, but by investment behavior.” – Nick Murray Dr. Andrew Lo, a finance professor at MIT, recently shared his thoughts on a long-term, buy and hold strategy to Chuck Jaffe of MarketWatch: That might sound like good advice because on paper when you take a look at the S&P over…

“It makes little sense that we should care about a bad day or a bad year in the stock market if it provides us with good long-term returns.” – William Bernstein Bill McBride at Calculated Risk shared an amazing stat a few weeks ago: Imagine if you were born in 1900. You’d have a 23%…

“Warren [Buffett], don’t worry too much about making money. It won’t change the way you live. It’ll change the way your wife lives.” – Benjamin Graham The first investment book I ever read was The Intelligent Investor by Benjamin Graham. Graham’s analogy about Mr. Market that he used to describe the stock market is still…

“The real purpose of saving is to empower you to keep your priorities – not to make you sacrifice.” – Charley Ellis BlackRock recently released the results from a survey asking investors about their five biggest retirement concerns. Here they are in order: 1. How do I start saving for retirement? 2. Am I investing…

“The only guarantee, ever, is that things will go wrong. The only thing we can use to mitigate this is anticipation.” – Ryan Holiday In the book Obstacle is the Way author Ryan Holiday describes the benefits of the performing a premortem (emphasis mine): In a postmortem, doctors convene to examine the causes of a patient’s…

“But I like to ponder. And pondering things, just sort of thinking about it and thinking about it, turns out to be a pretty good approach.” – Jim Simons

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

“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…