“Habit is habit, and not to be flung out of the window by any man, but coaxed downstairs a step at a time.” – Mark Twain I feel like every week I read another story about the terrible state of retirement savings by individuals. Here are some of the scary retirement stats I read about…

“Why does this matter to me so much? Isn’t it fundamentally stupid that this matters so much?” – Bill Simmons on being a sports fan I’ve spent a lot of time learning, thinking and writing about the inherent behavioral biases that we humans all seem to share. The greatest investors of all-time don’t do things…

“Timing the market is a fool’s game, whereas time in the market is your greatest natural advantage.” – Nick Murray An actual conversation I overheard this week: Guy #1: What do you think about the government shutdown and the debt ceiling? Time to get out of stocks? Guy#2: Stocks have already dropped since early last…

“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…

“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…

“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…

“The financial industry has perfected the art of turning the simple into the complex, and in doing so managed to extract fees for itself!” – James Montier GMO is one of the largest and most respected investment managers in the asset management industry. I’ve had the pleasure of hearing one of their founders, Jeremy Grantham,…

“An investor should be aiming primarily at long period results and judged solely by those.” – John Maynard Keynes Mebane Faber, of Cambria Investment Management, recently created an interesting table on his website that has some important implications for investors.

“I’m in debt. I am a true American!” – Balki Bartokomous, Perfect Strangers Debt plays a large role on our lives. Housing, transportation, education, and even daily spending needs are all financed with debt by a large number of people. According to the Federal Reserve, consumer credit (excluding mortgages) in the US stands at $2.8…

“As hard as it may be to do so, smart investors know that the key to success is ignoring the daily noise of the markets.” – Larry Swedroe It’s easy to say that we should ignore the noise and not pay attention to the market in the short-term. This is a great piece of advice,…