William J. Bernstein Quotes
You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.
Quotes to Explore
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What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.
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Getting into the residential investment business entails lots of renovation work.
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Film has always been a really good tool for me to communicate emotion about why I create a collection. I'm probably one of the first designers to make short films.
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Thinking fragments reality - it cuts it up into conceptual bits and pieces.
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People say, what is she thinking? I'm thinking: fun; cash; travel.
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I lived for four years in the 1930s with these individuals and the only time that I wasn't thinking about dealing with physical suffering is when I was working on this book. I've never been more alive as when I worked on this book.
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I didn't used to do shows, because I used to be so shy. We'd perform, and I'd be at the back, thinking of another song. I was so shy, I ain't never getting in front of the camera; I would never get on stage.
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Creative thinking inspires ideas. Ideas inspire change.
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I don't know if people are born with a worldview or if their thinking is a product of their environment.
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My room for books and study or for sitting and thinking about nothing in particular to see what would happen was at the end of a hall.
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Such being the nature of mental life, the business of psychology is primarily to describe in detail the various forms which attention or conation assumes upon the different levels of that life.
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I never personalize anything because I think that can be dangerous. For me, the best way is - this may sound pretentious - but it's to breathe the character and get into the psychology of it.
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Not knowing what one is looking for is pure agony. Too much analytical thinking, too much logic, too many meanings! Life has no logic, so why does there have to be logic to explain what it means? Also, what is logic? I think I may need to break away from analytical thinking; this is the cause of all my anxieties.
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It's dogged as does it. It's not thinking about it.
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In Victorian fiction, there would be a chapter at the end devoted to righting all of the wrongs. I thought to right all of the wrongs would be too glib. I thought it would be better to lull the reader into thinking that is the way it would work, but then not to do that.
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If Judd Apatow called me, I'd do it without thinking about it. I think he does really fun movies.
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I don't delude myself into thinking I'll bring anyone around to my way of thinking, especially Sean Hannity.
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Success is very intoxicating. It is very difficult to handle all the fame and adulation. It corrupts you. You start to believe that everybody around you is in awe of you, that everybody wants you, and that everybody is thinking of you all the time.
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Wealth is also defined by family, connection to our ancestry, and our best vision of the future. All of these find their inner spirit, their constancy, and their strength in the values that shape our thinking and our actions.
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Pluralism lets things really exist in the each-form or distributively. Monism thinks that the all-form or collective-unit form is the only form that is rational.
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Feasts and business and pleasure and enjoyments seem great things to us, whilst we think of nothing else; but as soon as we add death to them they all sink into an equal littleness.
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Blessed are the merciful, for they will be shown mercy.
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Observe with both friend and foe the ordinary rules of courtesy.
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You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.
