What is your favorite Financial Quote or Metaphor??
Re: What is your favorite Financial Quote or Metaphor??
"Investing is like boxing; if you don't like getting punched in the face once in a while, stay out of the ring!" -- TheGuru1
Re: What is your favorite Financial Quote or Metaphor??
I'm surprised this hasn't made it yet:
"It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
--Upton Sinclair
A good one to keep in mind if you find yourself going toe-to-toe with a stockbroker or "financial advisor" who wants your account or who wants to retain your account.
"It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
--Upton Sinclair
A good one to keep in mind if you find yourself going toe-to-toe with a stockbroker or "financial advisor" who wants your account or who wants to retain your account.
"We don't see things as they are; we see them as we are." Anais Nin |
|
"Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell
Re: What is your favorite Financial Quote or Metaphor??
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" Edwin Lefevre
What makes me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren
- cheese_breath
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Re: What is your favorite Financial Quote or Metaphor??
"I've been rich and I've been poor. Rich is better."
The surest way to know the future is when it becomes the past.
Re: What is your favorite Financial Quote or Metaphor??
"A young investor's best ally - the time value of money." -- John Bogle
Re: What is your favorite Financial Quote or Metaphor??
one of the Babson Boulders (Carved about 1935)...Dogtown, MA
There's another quote that goes something like this.
"I'm more concerned for the return of my investment than the return on my investment."
Last edited by hudson on Fri Jan 29, 2016 5:31 pm, edited 2 times in total.
Re: What is your favorite Financial Quote or Metaphor??
“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”
James W. Frick
James W. Frick
What the bold print givith, the fine print taketh away. |
-meowcat
Re: What is your favorite Financial Quote or Metaphor??
"By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when "dumb" money acknowledges its limitations, it ceases to be dumb."
http://www.berkshirehathaway.com/letters/1993.html
http://www.berkshirehathaway.com/letters/1993.html
Re: What is your favorite Financial Quote or Metaphor??
Not exactly right but something like this:
" Your investments are like a bar of soap. The more you touch it the smaller it gets."
Also like
"Don't risk what to have to get something you don't need."
And finally "If you have won the game, stop playing."
I am living proof that these are true. Fortunately, the lesson was not very expensive but I learned from it this year.
Dan999
" Your investments are like a bar of soap. The more you touch it the smaller it gets."
Also like
"Don't risk what to have to get something you don't need."
And finally "If you have won the game, stop playing."
I am living proof that these are true. Fortunately, the lesson was not very expensive but I learned from it this year.
Dan999
Dan999
Re: What is your favorite Financial Quote or Metaphor??
+1!Bustoff wrote:"By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when "dumb" money acknowledges its limitations, it ceases to be dumb."
http://www.berkshirehathaway.com/letters/1993.html
That is brilliant! One of the most insightful and actionable quotes yet.
What makes me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren
Re: What is your favorite Financial Quote or Metaphor??
"Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes
"Diversification is about accepting good enough while missing out on great but avoiding terrible." - Ben Carlson
"Diversification is about accepting good enough while missing out on great but avoiding terrible." - Ben Carlson
Re: What is your favorite Financial Quote or Metaphor??
"Rich men don't talk about their money...."
"Dad, how much money does it take to become a pilot?"
"Why, all of it son!"
"Dad, how much money does it take to become a pilot?"
"Why, all of it son!"
Re: What is your favorite Financial Quote or Metaphor??
“You are not truly diversified until you own something you are really uncomfortable with”
– Peter Bernstein
– Peter Bernstein
What makes me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren
Re: What is your favorite Financial Quote or Metaphor??
This thread has run its course. (LadyGeek)
Victoria
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: What is your favorite Financial Quote or Metaphor??
One that I first read here and have used a number of times since then is:
"You can shear the sheep many times, but you can only slaughter it once."
"You can shear the sheep many times, but you can only slaughter it once."
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Re: What is your favorite Financial Quote or Metaphor??
Here is another version...ZumZabo wrote:“You are not truly diversified until you own something you are really uncomfortable with”
– Peter Bernstein
In investing, what is comfortable is rarely profitable.
- Robert Arnott
- DonCamillo
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Re: What is your favorite Financial Quote or Metaphor??
If it sounds too good to be true, assume it isn't true. (several variations on this quote)
Les vieillards aiment à donner de bons préceptes, pour se consoler de n'être plus en état de donner de mauvais exemples. |
(François, duc de La Rochefoucauld, maxim 93)
- Goldfinger
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Re: What is your favorite Financial Quote or Metaphor??
"Quick buck" artists come and go with every bull market. The steady players make it through the bear markets."
Lou Mannheim (Wall Street)
Lou Mannheim (Wall Street)
"At cocktail parties lovely ladies would corner me and ask my opinion of the market, but alas, when they learned I was a bond man, they would quietly drift away." -- Sidney Homer/Salomon Bros
Re: What is your favorite Financial Quote or Metaphor??
“When a man with money meets a man with experience, the man with experience leaves with money and the man with money leaves with experience.”
Anonymous
Anonymous
Re: What is your favorite Financial Quote or Metaphor??
Two that I've just recently read, first one thanks to this forum:
"Human nature turns out to be a virtual Petrie dish of financially pathologic behavior."
- William Bernstein, 2014, page 11 in his "If You Can" essay at https://www.etf.com/docs/IfYouCan.pdf
"I found the road to wealth when I decided that a part of all earned was mine to keep."
- George Clayson, circa 1926, page 17 in "The Richest Man in Babylon" http://www.amazon.com/gp/product/1508524351
And something my Dad used to say all of the time:
" There's no such thing as a free lunch."
I still live by that. Or try to.
"Human nature turns out to be a virtual Petrie dish of financially pathologic behavior."
- William Bernstein, 2014, page 11 in his "If You Can" essay at https://www.etf.com/docs/IfYouCan.pdf
"I found the road to wealth when I decided that a part of all earned was mine to keep."
- George Clayson, circa 1926, page 17 in "The Richest Man in Babylon" http://www.amazon.com/gp/product/1508524351
And something my Dad used to say all of the time:
" There's no such thing as a free lunch."
I still live by that. Or try to.
Re: What is your favorite Financial Quote or Metaphor??
"Market forecasters will fill your ear but will never fill your wallet." - J. Bogle
"Be greedy when everyone is panicking, and panic when everyone else is greedy"... Couldn't agree more!!!
Re: What is your favorite Financial Quote or Metaphor??
“The investment management business (it should be a profession but is not) is built upon a simple and basic belief: Professional money managers can beat the market. That premise appears to be false.” Charles Ellis
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Re: What is your favorite Financial Quote or Metaphor??
"The surest route to top-quartile returns is bottom-quartile expenses" - John Bogle
Debt is dangerous...simple is beautiful
Re: What is your favorite Financial Quote or Metaphor??
Mr Market is a manic depressive. ( I don't know who first said this.)
And he is off his meds today. (Added by me.)
TJSI
And he is off his meds today. (Added by me.)
TJSI
Re: What is your favorite Financial Quote or Metaphor??
Bank error in your favor! Collect $15.
Re: What is your favorite Financial Quote or Metaphor??
From JW-Retired, advising an OP who asked for help on whether to leave a high-fee financial advisor -
JW-Retired wrote:IMO, high cost investing is close to madness. Are you mad sir?
Re: What is your favorite Financial Quote or Metaphor??
Besides my sig:
...you don’t need to hand over your financial assets to a Robo or other advisor for permanent babysitting. Yes, you need to have a plan. You might even decide to pay someone to help you build it. But, if it is actually a good one, then you should not need ongoing asset management services to implement it or to manage it. Otherwise, it is just not a good plan. - me
...you don’t need to hand over your financial assets to a Robo or other advisor for permanent babysitting. Yes, you need to have a plan. You might even decide to pay someone to help you build it. But, if it is actually a good one, then you should not need ongoing asset management services to implement it or to manage it. Otherwise, it is just not a good plan. - me
There is no free lunch.
Re: What is your favorite Financial Quote or Metaphor??
"Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing. "
-Forest Gump
Also,
"It's hard to go bankrupt if you don't owe any money."
- Not sure where I first heard this, but I say this a lot.
-Forest Gump
Also,
"It's hard to go bankrupt if you don't owe any money."
- Not sure where I first heard this, but I say this a lot.
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Re: What is your favorite Financial Quote or Metaphor??
Humans respond to incentives. All the rest is commentary.(I forget the source)
VinhoVerde
VinhoVerde
Re: What is your favorite Financial Quote or Metaphor??
1. "You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done." Kenny Rogers applies to investing too!
2. "A man who knows how much he is worth is not worth much." I think this may be from J.D. Rockerfeller when asked about his net worth.
3. "All hat, no cattle." A lot of people who are taken with flashy spenders do not understand wealth.
4. "Money don't get everything it's true. What it don't get i can't use." from the old Beatles song. I think it may have been written by Berry Gordy.
5. "A penny saved is a penny earned." Often attributed to Ben Franklin but actually derived from a 17th century proverb: "A penny spar'd is twice got."
6. "Shake your money maker." Ludacrus
7. "If women didn't exist, all the money in the world would have no meaning." Aristotle Onassis There's a lot of truth to this!
8. “My formula for success is rise early, work late and strike oil.” Jed Clampet.
9. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas Edison
2. "A man who knows how much he is worth is not worth much." I think this may be from J.D. Rockerfeller when asked about his net worth.
3. "All hat, no cattle." A lot of people who are taken with flashy spenders do not understand wealth.
4. "Money don't get everything it's true. What it don't get i can't use." from the old Beatles song. I think it may have been written by Berry Gordy.
5. "A penny saved is a penny earned." Often attributed to Ben Franklin but actually derived from a 17th century proverb: "A penny spar'd is twice got."
6. "Shake your money maker." Ludacrus
7. "If women didn't exist, all the money in the world would have no meaning." Aristotle Onassis There's a lot of truth to this!
8. “My formula for success is rise early, work late and strike oil.” Jed Clampet.
9. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas Edison