Joshua Brown > Quotes

“It is widely accepted that anything that reduces short-term volatility must also reduce long-term return.”
― Joshua Brown, How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest

“If you put A players on a team with C players, your A players are going to play down. It rarely works the other way, where the C players play up.”
― Joshua Brown

“Life is like the sea. There are ebbs and flows to it, and change is inevitable.”
― Joshua Brown, Shadow Mansion

“The idea that anybody could work really hard for some extra savings, then employ those dollars into different businesses to work around the clock for them was, and still is, endlessly fascinating to me!”
― Joshua Brown, How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest

“I never want the things I own to end up owning me.”
― Joshua Brown

“My investment philosophy changed when I read Charles Ellis’ book Winning the Loser’s Game. The book was given to me by my employer at the time, Michael Goodman, founder of Wealthstream Advisors, Inc. Ellis convinced me that trying to beat the market is a losing proposition. In golf, par is a good score, and avoiding bogeys is more important than making birdies. Very few professional investors beat the market consistently, after accounting for the costs. The most important takeaway from Ellis’ books is that the market return is a good return. The proliferation of low-cost index funds means that the market return is ours for the taking, if only we accept it. I have not purchased an individual stock since reading that book.”
― Joshua Brown, How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest