Suzy Q

“Every profession is a conspiracy against the laity, and every profession’s jargon is meant to confuse and exclude those who aren’t part of the guild.”
― Jason Zweig, The Devil's Financial Dictionary

“In a path-breaking work on the nature of bubbles, Greenwood, Shleifer and You (‘Bubbles for Fama’) share some fascinating findings. Among the most compelling is that only a slight majority of bubbles actually burst.”
― Daniel Crosby, The Behavioral Investor

“Prepare for bursting bubbles without being too fine-tuned to them.”
― Daniel Crosby, The Behavioral Investor

“If the economy slows, dividends and especially corporate profits may fall in the short-term, which could potentially make valuations appear less attractive. One solution: Focus less on trailing 12-month reported earnings and more on inflation-adjusted earnings for the past 10 years. The latter is the denominator used in the so-called Shiller P/E, named after Yale University economist Robert Shiller.”
― Jonathan Clements, How to Think About Money