Although you should not let your emotion... by William J. Bernstein | We Heart Quotes

Although you should not let your emotional responses dictate your allocation, you do need to sleep at night, and your personal preferences are an important part of your asset class structure.

- William J. Bernstein

Other quotes by William J. Bernstein

Although the modern image of the imperial city is dominated by the ruins of the Coliseum and the Forum, the economic life of ancient Rome centered on side streets filled with apartments, shops, and horrea.

- 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

If you are such an individual and become upset when one of your asset classes does poorly, even when the rest of your portfolio is doing well, then you should not be managing your own money.

- William J. Bernstein

I see the supposed convenience of being able to trade ETFs throughout the day as a psychological disadvantage. Unless you are able to predict intraday market moves—a fool’s errand if ever there was one—you are faced with the oftentimes paralyzing choice of exactly when to buy or sell.

- William J. Bernstein

The easiest way to get rich is to spend as little as possible.

- William J. Bernstein

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