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Through your journey, try to find meaning in these quotes. When I first heard them, they sounded reasonable, but I didn’t know if they were just folksy wisdom
by johnwheeler 5y ago
Through your journey, try to find meaning in these quotes.
When I first heard them, they sounded reasonable, but I didn’t know if they were just folksy wisdom or hard truths. I tried to resolve which is what. They are all hard truths.
1. You can’t stand to see your neighbor getting rich. You know you’re smarter than he is and he’s doing these things and he’s getting rich
2. The stock market can remain irrational longer than you can remain solvent
3. I recommend the S&P 500 index fund (from a money manager)
4. The most important quality for an investor is temperament, not intellect
5. I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches—representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all.
6. If a bird in the hand is worth two in the bush, the question becomes: When?
- alecst 5y agoFinancial koans. Fascinating. I feel enlightened already.
- Zababa 5y ago> You can’t stand to see your neighbor getting rich. You know you’re smarter than he is and he’s doing these things and he’s getting rich This is the only one I don't understand.
- deleted 5y ago[deleted]
- DeathArrow 5y agoSo good poker players have more success than analytical guys?
- obedm 5y agoPoker players not necessarily. The point is that the market has been going up in the long term for as long as there's been a market. So you're better off just investing and forgetting about it rather than investing made from your feelings.