Chance shrank. He felt the roots of his thoughts had been suddenly yanked out of their wet earth and thrust, tangled, into the unfriendly air. He stared at the carpet. Finally, he spoke: “ In a garden, ” he said, “ growth has its season. There are spring and summer, but there are also fall and winter. And then spring and summer again. As long as the roots are not severed, all is well and all will be well. ”
Give your portfolio plenty of time to beneļ¬ t from the magic of compounding, and minimize the costs you incur. Never forget that costs, like weeds, impede the garden ’ s growth. - Again easy to preach tough to follow - Little wonder that einstein said compounding is the nth wonder
Stay the course. No matter what happens, stick to your program. I ’ ve said “ Stay the course ” a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you
The postulate that simpler is the explanation better is the plausibility (Occam's Razor) is a powerful anti-tool. The more a fund manager uses it, the more he is out of his job! Classic Principal Agent problem, Principal needs complex explanations to justify Agent's pay and Agent has to give complex explanations to earn his pay:) - Finally for want of a shoe a kingdom is lost!
In each of the 172 25 year rolling returns, index returns have been ALWAYS positive!
Give your portfolio plenty of time to beneļ¬ t from the magic of compounding, and minimize the costs you incur. Never forget that costs, like weeds, impede the garden ’ s growth. - Again easy to preach tough to follow - Little wonder that einstein said compounding is the nth wonder
Stay the course. No matter what happens, stick to your program. I ’ ve said “ Stay the course ” a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you
The postulate that simpler is the explanation better is the plausibility (Occam's Razor) is a powerful anti-tool. The more a fund manager uses it, the more he is out of his job! Classic Principal Agent problem, Principal needs complex explanations to justify Agent's pay and Agent has to give complex explanations to earn his pay:) - Finally for want of a shoe a kingdom is lost!
In each of the 172 25 year rolling returns, index returns have been ALWAYS positive!
No comments:
Post a Comment