A Quote by John C. Bogle
We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a fund that's hot and then it turns cold as all hot funds eventually do. And then they get out. Well, buying at the high and selling at the low isn't going to leave you a satisfied shareholder, right?
Related Quotes
And then it gets so hot that they keep the supermarkets too cold. Hot, cold. Hot, cold. It gives me the runs." Mr. Landowsky
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy.
One of the most disturbing things I heard was that women's issues weren't "hot." Which is so ironic, because women are constantly being judged on some "hot" level. The conversation is not hot enough for them to do anything about. We have to make it hot, make them feel the fire. Until then, a lot of them aren't going to do anything.
It turns out that Donald Trump has been very good at buying low and selling high, and it helps account for his amazing business success.
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term.
The key is you have to keep doing the right thing. Do the right thing and stay around long enough, and you'll keep getting parts. And if you don't, you write your own parts, which I'm lucky to do. It's like anything else: you get hot, you get cold, then you get hot again. You just keep working.
We're no longer arguing about riding in the back of the bus, but being the bus driver or the president of the bus company. We're not pushing for the right to buy the hot dog, but selling the hot dog and the right to own the hot dog franchise.
If u hot and make hot ish, Imma make sure and get down with ya! Break bread or fake dead - everyone else move out tha way!
We need a federal government commission to study the way our financial services system is working - I believe it is working badly - and we also need more educated investors. There are good long term low-priced mutual funds - my favorite is a total stock market index fund - and bad short term highly priced mutual funds. If investors would get themselves educated, and invest in the former - taking their money out of the latter - we would see some automatic improvements in the system, and see them fairly quickly.
An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.
You look at all the athletes who come out of high school and college into professional sports. And they hit it big, they make money, and instead of saving their money, instead of doing the right thing, they go out and buy the biggest house, and the finest car, and then they get hurt, and it's gone.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
I've always had that mindset of, 'OK, I may be hot this month or doing really well this month, but don't get too high, don't get too low - just enjoy it.' Don't ride the rollercoaster, basically. I always thought about it like, I'm not going to an amusement park, I'm going to a baseball field.
The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund.
I always look at the NBA as kind of a muddled mess in the regular season, and then you just get in the tournament, just get in. And then the great teams just get on a roll and play well or the team that is hot gets hot and goes and wins it.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman