William J. Bernstein Quotes
There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
Quotes to Explore
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Time and time again, truly basic studies of simple experimental organisms have proved directly relevant to human biology and human disease. An investment in such basic studies is an effective investment indeed.
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Oracle is my second job ever that did not involve waitressing. But I still have my waitress apron just in case this does not work out. It's just that I fell in love with software when I was programming in college. When I was an investment banker, there were mostly mainframe companies and very few software ones.
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Do not deprive someone of his livelihood. This is a sinful tendency.
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My investment strategy, which is to focus on sectors that are a national priority for India, hasn't changed.
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I don't play the role of a villain, really, but I like playing anti-hero kind of roles. I like characters where there's conflict, drama, and more personal investment than just being heroes.
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I don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?
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Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.
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Both France and Britain are supportive of India's bid for a broad-based agreement on trade and investment with the European Union.
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What people don't understand is that how you are as an artist depends on how you are emotionally.
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You may think that all your happiness depends upon obtaining one particular thing in life; later on, you praise the Lord that you didn't get it.
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I plan to eliminate the equity cap in investment, and I also plan large-scale deregulation to meet global standards.
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The quicker you resolve the problems with banks and there's transparency in that process, the faster they recapitalize and are able to make investments.
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Everything depends on liking the people and trusting the people. You have to assume that whatever they do will be as good as you want the thing to be and just go ahead with that.
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Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
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We would see lower levels of investment, lower economic growth, and as a result, lower wage gains.
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What I do for exercise sort of depends on what's happening in the rest of my life.
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As [Martin Luther] King said, it never cost anybody a dime to integrate the lunch counters. When you start talking about trying to deal with jobs and hunger and things that require investment, then that's really the tough stuff, because everybody wants to do right if it doesn't cost them anything.
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The 'Occupy' movement has no real solutions, except more government, more spending, more regulation, more bureaucracy, more unsustainable lethargic pseudo-university with no return on investment, more more more of what got us into this hole.
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Happiness doesn't depend on what we have, but it does depend on how we feel toward what we have. We can be happy with little and miserable with much.
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In the West, people pride themselves on being the defenders of democratic rights and the champions of freedom. But if the Western world really cares for the benevolence of the whole world, it will have to turn to introspection.
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Marriage must perforce fight against the all-devouring monster of habit.
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Once, no self-respecting puncher considered himself dressed for work until he had his feet inside of a pair of $15 boots made by one of the favorite boot-makers, whose merits they discussed about the camp fires night after night.
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There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
