A Quote by Richard Thaler

If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to think that individuals can.

Richard Thaler

Quote Topics

Almost Because Certainly Individual Individuals Little Making Managers Mistake Most Professional Reason Securities Think Trading

Quote Author

Richard Thaler
American - Economist
Born: September 12, 1945

The condition of the most passionate enthusiast is to be preferred over the individual who, because of the fear of making a mistake, won't in the end affirm or deny anything

Thomas Carlyle

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.

Victor Sperandeo

When you are making mandates on individuals to do things like wear masks and you're making mandates on individual business owners to put guidelines in place... they need a little bit of lead time to build up and get that done.

Tate Reeves

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Barry Ritholtz

I slept peacefully that night, feeling exultant and determined. Little did I know that I was making the most common and the most painful mistake women have made all throughout the ages: to naively think that with their love they can change the man they love.

Elif Safak

One of the most powerful tools for empowering individuals and communities is making certain that any individual who wants to receive a quality education can do so.

Christine Gregoire

It offended his sense of himself, because he was an individual from an age of individuals, and a string of lights was, like him, an individual thing. No matter how little the thing had cost, to throw it away was to deny its value.

Jonathan Franzen

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Leonard Read

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

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Securities fraud generally and insider trading in particular should be eminently deterrable crimes.

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Steve Ballmer

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So I became a publisher by mistake - well, not quite by mistake, because I wanted to be an editor but I had to make sure the magazine would survive. The point is this: Most businesses fail, so if you're going to succeed, it has to be about more than making money.

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Cuba is in some ways a perfect trading partner for Minnesota because there's so little overlap between what they are good at and they produce and what Minnesota is good at and what we produce. So it's a natural trading relationship, especially because they're so close.

Tina Smith

All initiation of force is a violation of someone else's rights, whether initiated by an individual or the state, for the benefit of an individual or group of individuals, even if it's supposed to be for the benefit of another individual or group of individuals.