[favorite] Boglehead quotes

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[favorite] Boglehead quotes

Post by grabiner »

I'd like to save some great quotes from the forum on this thread.

This was a beautiful analogy.

http://www.bogleheads.org/forum/viewtop ... 4#p1417874
retiredjg wrote:So the 3 treasury funds are more like celery soup, bean soup, and tomato soup while the Spartan US Bond Index is like minestrone soup (the other three all mixed together with some other stuff in there too). Obviously, the US Bond Index is the most diversified.
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Re: Boglehead quotes

Post by NAVigator »

I have often been inspired by the signature lines that many forum members have established. Mine is not meant to be serious or inspiring. :) I'm just saying that this might be a good place to look for some wisdom to collect.

Jerry
"I was born with nothing and I have most of it left."
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Re: Boglehead quotes

Post by grabiner »

From Can you talk me out of Preferred Stocks?
nisiprius wrote:As a hybrid product, in between stocks and bonds, just like junk bonds--junk bonds are stockish bonds, preferred stocks are bondish stocks.
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Re: Boglehead quotes

Post by grabiner »

From Bonds Today:
Taylor Larimore wrote:Stocks let us eat well. Bonds let us sleep well.
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Re: Boglehead quotes

Post by Sunny Sarkar »

John Norstad wrote:I have indeed found a great asset allocation calculator. It uses MPT and all the other modern models like Fama-French. It uses a huge database of expert analyst's estimates of correlations and expected returns and standard deviations and all the other information available on the entire planet. It actually runs on an analog computer (not digital). It uses the latest state-of-the-art neural network and artificial intelligence algorithms. It always produces extremely reasonable asset allocation percentages for any and all possible assets and asset classes. Anyone can easily use the calculator. It's free.

It's called the market.
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle
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Re: Boglehead quotes

Post by Sunny Sarkar »

Bill Bernstein wrote:You quickly learn that when you disagree with the Sage of Valley Forge, you usually wind up cleaning egg off your face.
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle
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Re: Boglehead quotes

Post by midareff »

I'm voting for YDNAL's signature line..... Be yourself, everyone else is already taken -- Oscar Wilde
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Re: Boglehead quotes

Post by cinghiale »

While not directly from a Boglehead poster, I have included this quote from Upton Sinclair in a number of threads. Nothing encapsulates the communication problem between financial advisor/stockbroker and client better than this:
"It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
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Re: Boglehead quotes

Post by G-Money »

When I want to get a good Boglehead quote, I pretty much just search the forum for any post by nisiprius.
Don't assume I know what I'm talking about.
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Re: Boglehead quotes

Post by tennisplyr »

How about...
"Sometimes life isn't about money"
"You are where you are in life because you get yourself there"
“Those who move forward with a happy spirit will find that things always work out.” -Retired 13 years 😀
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Re: Boglehead quotes

Post by gotherelate »

I nominate this one for a classic boglehead quote:
G-Money wrote:When I want to get a good Boglehead quote, I pretty much just search the forum for any post by nisiprius.
-Grandpa | I'd rather see where I'm going than see where I've been.
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Re: Boglehead quotes

Post by abuss368 »

Taylor Larimore wrote:Stocks let us eat well. Bonds let us sleep well.
That was one of my favorites.
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Boglehead quotes

Post by selftalk »

He who lives by the crystal ball must get used to eating a lot of broken glass.
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Re: Boglehead quotes

Post by sschullo »

abuss368 wrote:
Taylor Larimore wrote:Stocks let us eat well. Bonds let us sleep well.
That was one of my favorites.
+2
Never in the history of market day-traders’ has the obsession with so much massive, sophisticated, & powerful statistical machinery used by the brightest people on earth with such useless results.
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Re: Boglehead quotes

Post by longinvest »

In http://www.bogleheads.org/forum/viewtop ... 0#p1969264:
Rick Ferri wrote:There is an article in today's WSJ by Joe Light titled Small Investors Jump Back Into the Trading Game

I have a theory: As bull markets lengthen, memories shorten.

Rick Ferri
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Re: Boglehead quotes

Post by abuss368 »

longinvest wrote:In http://www.bogleheads.org/forum/viewtop ... 0#p1969264:
Rick Ferri wrote:There is an article in today's WSJ by Joe Light titled Small Investors Jump Back Into the Trading Game

I have a theory: As bull markets lengthen, memories shorten.

Rick Ferri
I really like this quote! How true.
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Boglehead quotes

Post by Don Christy »

cinghiale wrote:"We don't see things as they are; we see them as we are." Anais Nin
Your signature, is a good one...
“Speak only if it improves upon the silence." Mahatma Gandhi
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Re: Boglehead quotes

Post by abuss368 »

Anyone who spends 2 minutes a year thinking about bonds has spent 90 seconds to many!
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Boglehead quotes

Post by cfs »

Invest slowly and for the long run.
~ Member of the Active Retired Force since 2014 ~
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Re: Boglehead quotes

Post by abuss368 »

John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!"
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Boglehead quotes

Post by black jack »

I think some [people] get confused in thinking that deferring consumption is useful for its own sake. The only reason to save (defer consumption) is to enable more consumption in the future.
-Dan Kohn, May 7, 2009, "Major purchase that drained you.." thread
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Re: Boglehead quotes

Post by House Blend »

abuss368 wrote:John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!"
But it's way better than putting your money into 8 funds that overlap.
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Re: Boglehead quotes

Post by abuss368 »

House Blend wrote:
abuss368 wrote:John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!"
But it's way better than putting your money into 8 funds that overlap.
Indeed.
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Boglehead quotes

Post by TPayne17 »

“Don't look for the needle in the haystack. Just buy the haystack!” - John C. Bogle
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Re: Boglehead quotes

Post by grabiner »

From Calculate a loan:
sscritic wrote:My suggestion is to make a simple loan, not a simple interest loan of any kind, simple interest not being that simple.
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Re: [favorite] Boglehead quotes

Post by Taylor Larimore »

"Using past performance numbers as a method for choosing mutual funds is such a lousy idea that mutual fund companies are required by law to tell you it is a lousy idea." -- Bill Schultheis
Best wishes.
Taylor
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Re: [favorite] Boglehead quotes

Post by pkcrafter »

Successful investing is counter-intuitive
There are two ways to get rich – make more or desire less
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If you don't know what you are doing, stop!
Keep calm. Carry on.
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Balance in all things
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There ain't no magic.
Time is your most powerful ally.
Investing; the juice is worth the squeeze.
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Having a good investment plan today is better than hoping for a perfect plan tomorrow
Buy the haystack at the lowest possible cost cause the needles are in there.
Boring is beautiful and simplicity is sublime! (in investing at least)
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Compound interest - the 8th wonder of the world!
Why is it "a penny for your thoughts", but someone always wants to "put their two cents in"?
Don't Believe Everything You Believe
Diversification can lower portfolio risk (volatility) in most market conditions.
Buying at the bottom and selling at the top are typically done by liars.
Don't make the same mistake once.
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The stock doesn't know you own it.
Beware of the prophet seeking profits -- Dennis Miller
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Re: [favorite] Boglehead quotes

Post by 555 »

Enough
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Re: [favorite] Boglehead quotes

Post by DaleMaley »

John Bogle.......

Do you really want to invest in a system where you put up 100 percent of the capital, you, the mutual fund shareholder, you take 100 percent of the risk, and you get 30 percent of the return?”

Talking about the American 401K system...........http://www.pbs.org/wgbh/pages/frontline ... etirement/

I thought John's math was bad, but I checked it........and he is correct regarding only getting 30 percent of the return with high expense 401K choices.
Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. – Warren Buffett
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Re: [favorite] Boglehead quotes

Post by grabiner »

From a discussion on Edward Jones fees:
Aptenodytes wrote:You can go to a 7-11 for a gallon of milk, or you can go to a big grocery store. Both will charge you the same fee to walk in the door -- $0. However, the gallon of milk will cost more at 7-11 because its costs per square foot are higher, and it passes those costs on to you through the price.

The expense ratios of mutual funds are analogous. That's why you need to pay attention not only to the literal "fees" but also to the expense ratios.
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Re: [favorite] Boglehead quotes

Post by bottomfisher »

"Stuffing money in a mattress is also diversification, but I wouldn't do that either."

Rick Ferri

viewtopic.php?f=10&t=13547&start=50
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Re: [favorite] Boglehead quotes

Post by oldzey »

1. All of Taylor Larimore's Investment Gems.

2. “If one isn't ready to lose capital, then one isn't ready to invest. They go hand-in-hand: Losses and investing. One cannot avoid losses if they invest.” – Livesoft (I added this one to my IPS). Link

3. “Tend to your portfolio like you would a cactus plant.” – Toons (from the most successful investors leave their money alone post - also added this to my IPS).
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman
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Re: [favorite] Boglehead quotes

Post by lack_ey »

oldzey wrote:3. “Tend to your portfolio like you would a cactus plant.” – Toons (from the most successful investors leave their money alone post - also added this to my IPS).
So it doesn't need much water? Ah, so you're saying not to get it too soggy by mixing with the rainy-day fund. Deep.
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Re: [favorite] Boglehead quotes

Post by longinvest »

Old quote, partial credit to Zotty, and part to Epictetus:

"A simpler portfolio keeps smart people from doing stupid things"

Thanks go to fishndoc for remembering it: viewtopic.php?f=10&t=159204&p=2390793#p2390793
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Re: [favorite] Boglehead quotes

Post by vv19 »

Stay the course, regardless!

Powerful stuff right there.
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Re: [favorite] Boglehead quotes

Post by mickeyd »

"The relentless rules of humble arithmetic."

"The tyranny of compounding costs."


I have both of these written on a Post-It note on my desk so that I will never overlook the obvious.
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Re: [favorite] Boglehead quotes

Post by longinvest »

I think that this thread is about great (favorite) quotes created by forum members, not about all favorite quotes.
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Re: [favorite] Boglehead quotes

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Re: [favorite] Boglehead quotes

Post by mickeyd »

longinvest wrote:I think that this thread is about great (favorite) quotes created by forum members, not about all favorite quotes.
Isn't Jack a forum member?
Part-Owner of Texas | | “The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle
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Re: Boglehead quotes

Post by investor1 »

sschullo wrote:
abuss368 wrote:
Taylor Larimore wrote:Stocks let us eat well. Bonds let us sleep well.
That was one of my favorites.
+2
Well said.
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Re: [favorite] Boglehead quotes

Post by longinvest »

mickeyd wrote:
longinvest wrote:I think that this thread is about great (favorite) quotes created by forum members, not about all favorite quotes.
Isn't Jack a forum member?
Yes, he is, and I really love his quotes, but he wrote that in his books. I really thought that the initial intent of this thread was to collect original quotes generated during forum discussions. Anyway, I'm not the OP, so you all do as you wish! :)
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Re: [favorite] Boglehead quotes

Post by lowerleisureclass »

In all the reading I have done over the past few years to educate myself in my ongoing efforts to simplify my portfolio after firing my adviser, the following is hands down the most helpful thing I've read.
nisiprius wrote:
My answer to all such questions is: do it slowly and gradually. If you never make a start, you just remain confronted with the same problem and the same anxiety forever.

The problem is: it's an important decision, and it's human to keep changing your mind.

The answer is: decide what your best thinking is now, and do a little of it. Plan to get to your target allocation, not immediately, but over a period of several years.

* It discharges the anxiety you feel about doing nothing.

* It minimizes the anxiety you feel from making a big commitment, by turning it into a small commitment.

* It minimizes the impact of any decisions you are making due to recency, or faddishness, or panic.

* It forces you to slow down and not do things in a hurry.

It's a long-term decision. You should never feel that there is a rush to do long-term investing.

If you are making the right decision, six months from now it will still look like the right decision. Well, if you make the same decision with 10% of your money every six months, in five years you'll be 100% invested according to plan. But it gives you plenty of time to think about it, to read new headlines.

We talk about dollar cost averaging. It's also important to average out our impulses, our emotions, our mood swings.
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"What the Experts Say About Investing"

Post by Taylor Larimore »

Bogleheads:

The financial world is so huge that we can only learn a small portion of what there is to know. Retaining even this "small portion" is almost impossible. Accordingly, many years ago I began collecting quotes from investing experts to help me on the road to investment success. Our wiki editors honor me with its inclusion here:

What The Experts Say About Investing

Best wishes
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
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Re: [favorite] Boglehead quotes

Post by grabiner »

From Is BND really safe?, on the fundamental difference between stocks and bonds:
nisprius wrote:Think about what stocks are and what bonds are. Stocks are a company saying "You're our business partner, we'll pay you what we think we can afford, you share in ups, downs, general growth or possible failure." Bonds are a company saying "We promise to pay you certain numbers of dollars on certain dates, to us it's just like the light bill, as long as we can pay our bills at all we have to pay yours."
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Re: [favorite] Boglehead quotes

Post by CABob »

I can't recall where I first heard it, but one that always makes me chuckle is:
"Don't believe everything you read on the internet." Abraham Lincoln
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Re: [favorite] Boglehead quotes

Post by Index Fan »

"When experts disagree, often it is because it doesn't matter much."

--Taylor Larimore

The longer I've invested, the more I've come around to the view that most portfolio decisions just don't matter. Find some way to own a reasonably large number of stocks from a reasonably large number of industries. Have some bonds or cash or something that will help you get through the lean years. That's good enough. Stay the course and you'll get satisfactory returns. Spitball the rest.

-backpacker
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Re: [favorite] Boglehead quotes

Post by TimeRunner »

"You cannot enlighten the unconscious." - Robert Mellott. I prefer: "One cannot enlighten the unconscious."
One cannot enlighten the unconscious. | "All I need are some tasty waves, a cool buzz, and I'm fine." -Jeff Spicoli
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Re: Boglehead quotes

Post by BogleBoogie »

gotherelate wrote:I nominate this one for a classic boglehead quote:
G-Money wrote:When I want to get a good Boglehead quote, I pretty much just search the forum for any post by nisiprius.
I nominate both of these quotes. Please take mine into consideration as well.
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Re: [favorite] Boglehead quotes

Post by BogleBoogie »

CABob wrote:I can't recall where I first heard it, but one that always makes me chuckle is:
"Don't believe everything you read on the internet." Abraham Lincoln
I actually know the guy that created that quote/joke who first posted it on this site in '97.
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Re: [favorite] Boglehead quotes

Post by novicemoney »

For the retirees (or the almost there folks):
"I am not so much concerned with the return on capital as I am with the return of capital." -Will Rodgers.
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