Suzy Q

“THE PRINCIPAL REASON WE SHOULD ALL ARTICULATE OUR LONG-TERM investment policies explicitly and in writing is to protect our portfolios from ourselves.”
― Charles D. Ellis, Winning the Loser's Game: Timeless Strategies for Successful Investing

“The great advantage of indexing investment operations is that we can avoid the vain search for superior performance and concentrate our time and energy on investment policy and asset-mix decisions. Instead, it focuses your attention on the most important decision in investing: defining the long-term “policy” portfolio that will both minimize the risk of avoidable mistakes and maximize the chances of achieving your true investment objectives.”
― Charles D. Ellis, Winning the Loser's Game: Timeless Strategies for Successful Investing

“The “money game” we still call investment management evolved in recent decades from a winner’s game to a loser’s game because a basic change occurred in the investment environment: The market came to be overwhelmingly dominated by investment professionals—all knowing the same superb information, having huge computer power, and striving to win by outperforming the market they collectively completely dominate.”
― Charles D. Ellis, Winning the Loser's Game: Timeless Strategies for Successful Investing

“Ironically, a crash at the beginning of your investing life is a gift. In fact, any pullback in stock prices is a gift while you are in the process of accumulating your wealth.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life