Two Years, Fifty Posts – Some 2018 “Best-Of” Financial Quotes
December 21, 2018 – Hip, hip, hooray! Almost two years ago, I wrote my first Inside NoVA “Your Money” column. Today’s installment represents my 50th one. Plus it’s year-end. What better time to kick back and coast a bit?
So, before we embark on another busy year (when who knows what’s in store for us), I thought I’d share a batch of my favorite financial quotes from 2018. Who knows, maybe I’ll make this an annual event? Here goes.
“Yes, 2018 is full of uncertainty and teeming with hazards that might make the stock market crash. So was 2017. So were 2016, 2015, 2014—and every year since stockbrokers first gathered in New York in the early 1790s.” – Jason Zweig, Wall Street Journal Columnist
“I spend about half of my time wondering why I have so much in stocks, and about half wondering why I have so little.” – John Bogle, Vanguard Group Founder
“Of course brokers, those wolves in sheep's clothing, have to prey by the rules. … Under a fiduciary standard, they could no longer, legally, prey on the public.” – Bob Veres, Financial Planning Columnist
“He who buys what he does not need steals from himself.” – Anonymous Swedish Proverb
“Evidence-based and systematic investors should learn to embrace temporary bouts of extreme behavior on the part of their peers and even the manias that periodically pop up here and there. The harvestable errors of emotionally unaware people in the marketplace are a bumper crop for the patient, the sane and the disciplined.” Josh Brown, the Reformed Broker
“[Investment] Charges are the financial equivalent of tapeworm.” Buttonwood’s Notebook, The Economist
And, while this isn’t strictly financial, let’s end on a high note:
“Selfishness is myopic. Exploiting others today costs you tomorrow. Selflessness is taxing. Overextending yourself today drains you tomorrow. Generosity is sustainable. Extending help to others elevates them today and energizes you tomorrow.” Adam Grant, Author and Psychologist
Written by John A. Frisch, CPA/PFS, CFP®, AIF®, PPC®