Every profession is a conspiracy against... by Jason Zweig | We Heart Quotes

Every profession is a conspiracy against the laity, and every profession’s jargon is meant to confuse and exclude those who aren’t part of the guild.

- Jason Zweig

Other quotes by Jason Zweig

A stock is not cheap or expensive merely because its price is below or above a particular number. It is cheap or expensive only in relation to the fundamental value of the underlying business, which has nothing to do with whether the share price is near an anchor. If you find yourself getting excited over any investment based purely on its price, you’re anchoring.

- Jason Zweig

If the market is open, your wallet should be closed.

- Jason Zweig

The risk you are likely to be rewarded for taking is the risk of owning all stocks. In effect, rather than betting on one roll of the dice, one spin at the roulette wheel, or a single hand at the blackjack table, you can own the whole casino. You can do this effortlessly, cheaply, and reliably by buying a total stock-market index fund, a low-cost portfolio of all the stocks worth owning.

- Jason Zweig

The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation.

- Jason Zweig

That’s why one of my favorite investing rules is 'If the market is open, your wallet should be closed.' You should never act on an investing idea the same day you get it; the next day, your mood and situation will have changed, and the facts may look different to you. Sleeping on it is one of the simplest and best ways to make sure your decision is not just a momentary whim.

- Jason Zweig

When you invest, your mind has a mind of its own. At the very moment when you are most convinced of your own rationality, you may be feeling rather than thinking your way toward a decision.

- Jason Zweig

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