A Quote by Barry Ritholtz

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future. — © Barry Ritholtz
Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.
The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
I stopped trying to plan a long time ago - whatever's meant to happen for me in the future will happen.
A good financial plan is a road map that shows us exactly how the choices we make today will affect our future.
I pray for faith that my future will be good if I live today well, and in peace. I will remember that staying in the present is the best thing I can do for my future. I will focus on what’s happening now instead of what’s going to happen tomorrow.
When you have children, you realise you can't plan anything. There's no Plan A, no Plan B. Life will happen and you will go with it.
Planning is not just guessing, it is harmful guessing, because it is a waste of time. All the time you spend doing your five year plan you can use to worry about tomorrow.
With the permanent elimination of this tax, farmers and business owners will have the sense of security they need to plan for the financial future of their business or farm and their family.
Anyone interested in the past, present, or future of banking and financial crises should read The Bankers' New Clothes. Admati and Hellwig provide a forceful and accessible analysis of the recent financial crisis and offer proposals to prevent future financial failures. While controversial, these proposals--whether you agree or disagree with them--will force you to think through the problems and solutions.
In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will become effective.
Design your financial future in every respect, and then make a plan to achieve it.
This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the future.
I never used golf as a job. I used it as a game. I always thought if I played the game well, my financial rewards would be there, but it came from, because I played well. But I had to play well to get the financial rewards.
In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.
No, you sort of have to put that out of your mind. There's always a possibility that you can have a catastrophic failure, of course. This can happen on any flight. It can happen on the last one as well as the first one. You just plan as best you can to take care of all these eventualities, and you get a well-trained crew, and you go fly.
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