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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Writers write for one reason: to create an emotion in the reader, to reach across and make them feel something. You want a reaction. Yeah, it's nicer when the reaction is to throw flowers than it is to throw brickbats, but you have to accept both equally.
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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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The other day I was thinking - because I get a lot of headaches - I was wondering whether the head should be where it is. Because, at the end of the day, it's probably the heaviest part of your body, right? And yet it's at the top as opposed to, I don't, dangling at the bottom somewhere.
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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 think I know how to raise a kid. You just play catch with 'em. You just talk about life, and you distract them by throwing the ball. They don't even notice that you're filling up their heads with your theories.
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What precedent are we setting in doing this for one industry and not for others?
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I don't try to hit home runs. I just try to meet the ball and get base hits.
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Nothing on earth can resist an absolutely non-resistant person.
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For a long time I was looking for my perfect equilibrium, my mojo. And now I think I'm getting there: I've found my customer, my silhouette, my cut.
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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.
