“Recognizing that the amount of confidence someone expresses in a prediction is not a good indicator of its accuracy – to the contrary, these qualities are often inversely correlated. Danger lurks, the in the economy and elsewhere, when we discourage forecasters from making a full and explicit account of the risks inherent in the world…

“Opinion is ultimately determined by the feelings, and not by the intellect.” – Herbert Spencer

“One half of your return is determined by your investments, the other half by what kind of person you are.” – John Bogle

“An investor needs to do very few things right as long as he or she avoids big mistakes.” – Warren Buffett

“Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose.” – Seth Klarman Reader mailbag: Is there a way to create a laddered bond portfolio using bond funds instead of individual bonds? I can understand why bond investors would be looking at…

“Sometimes the questions are complicated and the answers are simple.” – Dr. Suess Saving is by far the most important first step in any investment plan. Without a solid savings portfolio your investment decisions don’t really have much of an impact. Here are 3 additional benefits to saving more money. 1. Replace Less Current Income…

“Successful investing can almost be easy: Avoid harmful “accidents” and do what will achieve your own most important long-term objectives. The very human irony is that learning this lesson can take so many years that by the time we “get it,” it may be too late to use the lesson because the powers of compounding…

“In my whole life, I have known no wise people over a broad subject matter area who didn’t read all the time – none, zero.” – Charlie Munger These are the best books I’ve read in 2013. INVESTING Backstage Wall Street by Josh Brown Brown spent a number of years working as a commissioned broker…

“I spent 90 percent of my money on women, drink and fast cars. The rest I wasted.” — Manchester United and Irish soccer legend George Best Some staggering stats from Sports Illustrated on the topic of professional athletes and their money: By the time they have been retired for two years, 78% of former NFL…

“What difference does this sort of volatility make if you have a long term time horizon.” – Charlie Munger