Investing “Diversification is the one free lunch of investing, and when you see a free lunch, the only rational thing to do is eat.” -Cliff Asness
Investing “The whole secret of investment is to find places where it’s safe and wise to non-diversify. It’s just that simple.” – Charlie Munger
Investing “Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” – Carl Sandburg
Investing “The four most dangerous words in investing are: ‘this time it’s different.'” – Sir John Templeton
Investing “The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham
Investing “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
Investing “Throughout all my years of investing, I’ve found that the big money was never made in the buying or selling, the big money was made in the waiting.” -Jessie Livermore
Investing “Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know” – Morgan Housel
Investing “Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep by him in reserve.” – Ancient Talmud
Investing “Its not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
Investing “To repeat, while such an index-driven strategy may not be the best investment strategy ever devised, the number of investment strategies that are worse is infinite.”-John Bogle
Investing “Advisors can create the best portfolios in the world, but they won’t really matter if the clients don’t stay in them.” – Harry Markowitz
Investing “Sometimes it is best to simply say “I don’t know exactly what is going to happen, but I think X strategy has a high probability of working. I’m going to put skin-in-the-game and allocate capital according to X strategy. If I see data points Y and Z change, then I will re-evaluate my perspective.” – Pomp
