Quotes

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“The fear about energy is understandable; I get it. When people don’t have access to a sufficiency of facts or information, they default to what little is available to them. It’s called availability error. In the financial markets, in the absence of better information, the default is price. It’s always available. And if price is all you have to go on, energy stock prices look scary. If it’s price, there are only two judgments: something’s up or it’s down, and that defines good or bad.”

Nate

“No, don’t! Don’t dig up the past! Dwell on the past and you’ll lose an eye.” But the proverb goes on to say: “Forget the past and you’ll lose both eyes.”

August 22, 2020

— Aleksander I. Solzhenitsyn from “The Gulag Archipelago “

Nate

Most folks are too busy with their jobs, their families, their hobbies and other interests to read even a small fraction of what they need to know to reach their financial goals. As a nation, we are largely financially illiterate.

July 24, 2020July 24, 2020

— Alex Green

“Investors should purchase stock like they purchase groceries – not like they purchase perfume.” – Benjamin Graham

“You can’t pick cherries with your back to the tree.” – J.P. Morgan

“Investment success accrues not so much to the brilliant as to the disciplined.” – William J. Bernstein

Nate

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What I Think I Know

“Just trying to do the hardest thing of all – to understand”

Quotes

It is not the world as it should be which puts an end to the real world, but the world as it is

Three things in human life are important. The first is to be kind. The second is to be kind. And the third is to be kind.

Mourning is the price we pay for having the courage to love others

Of course banks are greedy! Of course corporations are selfish, and Wall Street is wily! Blaming a financial crisis on these qualities is like blaming a flood on the wetness of water…

Money isn’t just some accounting device that makes exchange and saving more convenient. It’s a deep part of the social fabric, bound up with blood and lust. No wonder we get so worked up over it.

When people don’t have access to a sufficiency of facts or information, they default to what little is available to them. It’s called availability error.

“No, don’t! Don’t dig up the past! Dwell on the past and you’ll lose an eye.” But the proverb goes on to say: “Forget the past and you’ll lose both eyes.”

Most folks are too busy with their jobs, their families, their hobbies and other interests to read even a small fraction of what they need to know to reach their financial goals. As a nation, we are largely financially illiterate.