An index fund dooms you to mediocrity? A... by William J. Bernstein | We Heart Quotes

An index fund dooms you to mediocrity? Absolutely not: It virtually guarantees you superior performance.

- William J. Bernstein

Other quotes by William J. Bernstein

How do you avoid overconfidence? By telling yourself at least a few times per year, 'The market is much smarter than I will ever be.'

- William J. Bernstein

Market history shows that when there’s economic blue sky, future returns are low, and when the economy is on the skids, future returns are high.

- William J. Bernstein

It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.

- William J. Bernstein

First, we invest now so that we may spend later. In fact, this is the essence of investing: the forbearance of immediate spending in exchange for future income. Because of the mathematics of compound interest, spending even a tiny fraction on a regular basis devastates final wealth over the long haul.

- William J. Bernstein

The best fishing is done in the most stormy waters.

- William J. Bernstein

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

- William J. Bernstein

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