James O'Shaughnessy Famous Quotes
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It seems that the one thing that doesn't change is people's reaction to short-term conditions and their axiomatic ability to perpetuate them far into the future.
The truth seems to love the small print.
History depends on who is telling the story.
The average investor does significantly worse than a simple index ... It's literally because of the way our brains are wired.
Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.
If you look back to the most spectacular blow ups in history, you can always tie them to a couple things: They were extraordinary complicated strategies that maybe even the practitioners themselves didn't understand, and they were overleveraged.
Arbitrage human nature. It's not going to change any time soon.
Stocks change. Industries change. But the underlying reasons certain stocks are good investments remain the same. Only the fullness of time reveals which are the most sound.
Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.
If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just on the dividend yield.
If you're an investor who wants a little bit more from the capital-appreciation side of things, but still likes this concept of getting 'paid by the company,' then we would tell that investor to pursue shareholder yield.
