The really unhappy person is the one who leaves undone what they can do, and starts doing what they don't understand; no wonder they come to grief.
I think it's gone much too far. Most of them are not worth the powder to blow them to hell.
It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.
On balance, the financial system subracts value from society
Managed funds are astonishingly tax-inefficient.
The business has some problems, substantial problems. You go fix it, you young people. That's what you're there for. Don't believe what the old generation tells you. We don't know a damn thing, including Bogle.
While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.
On a superhero show, you have to have people who are really human and who have the experience the audience is having.
How are you, G. I. Joe? It seems to me that most of you are poorly informed about the going of the war, to say nothing about a correct explanation of your presence over here. Nothing is more confused than to be ordered into a war to die.
I think we're in a time when everyone's afraid to have sex. But I was raised being beautiful and healthy.
All genuine knowledge originates in direct experience.