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“It demonstrates an inherent characteristic of forecasting and trading formulas in the fields of business and finance. Those formulas that gain adherents and importance do so because they have worked well over a period, or sometimes merely because they have been plausibly adapted to the statistical record of the past. But as their acceptance increases, their reliability tends to diminish.”
― The Intelligent Investor
― The Intelligent Investor
“true liberty, and unvariable steadfastness, and not to regard anything at all, though never so little, but right and reason: and always, whether in the sharpest pains, or after the loss of a child, or in long diseases, to be still the same man;”
― Meditations
― Meditations
“There is no basis either in logic or in experience for assuming that any typical or average investor can anticipate market movements more successfully than the general public, of which he is himself a part.”
― The Intelligent Investor
― The Intelligent Investor
“(The popularity of something like the Dow theory may seem to create its own vindication, since it would make the market advance or decline by the very action of its followers when a buying or selling signal is given. A “stampede” of this kind is, of course, much more of a danger than an advantage to the public trader.)”
― The Intelligent Investor
― The Intelligent Investor
“The investor can scarcely take seriously the innumerable predictions which appear almost daily and are his for the asking. Yet in many cases he pays attention to them and even acts upon them. Why? Because he has been persuaded that it is important for him to form some opinion of the future course of the stock market, and because he feels that the brokerage or service forecast is at least more dependable than his own.11”
― The Intelligent Investor
― The Intelligent Investor
Simon’s 2024 Year in Books
Take a look at Simon’s Year in Books, including some fun facts about their reading.
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Art, Biography, Business, Contemporary, Crime, Fiction, History, Memoir, Non-fiction, Psychology, Religion, Suspense, Spirituality, and Travel
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