A Quote by William J. Bernstein

Investment success accrues not so much to the brilliant as to the disciplined.

William J. Bernstein

Quote Topics

Brilliant Disciplined Investment Investment Success Much Success

Quote Author

William J. Bernstein
Born: 1954

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Charlie Munger

An investment in housing is an investment in family stability, children's success, and the economic health of our entire state.

Ned Lamont

Historically Turkey hasn't had much success in attracting foreign investment. Slowly that is changing. There's a tradition of arbitrary decisions by government ministers and senior civil servants, which would ruin businesses from one day to the next, and which has tended to deter foreign investment. That's changing, and convergence with E.U. practices is a good thing in that it improves governance.

Andrew Mango

Win or lose you will never regret working hard, making sacrifices, being disciplined or focusing too much. Success is measured by what we have done to prepare for competition.

John Smith

I see the Baldrige process as a powerful set of mechanisms for disciplined people engaged in disciplined thought and taking disciplined action to create great organizations that produce exceptional results.

James C. Collins

While knowing how to value businesses is essential for investment success, the first and perhaps most important step in the investment process is knowing where to look for opportunities

Seth Klarman

I said Revolver is my favorite The Beatles album, but only because it came to my head and it's a brilliant one. But they're all pretty brilliant. There's variations, but they're all brilliant, and it just depends on if they're very brilliant, or just a bit brilliant. It changes.

Nick Hodgson

These three things-work, will, success-fill human existences. Will opens the door to success, both brilliant and happy. Work passes these doors, and at the end of the journey success comes in to crown one's efforts.

Louis Pasteur

The disciplined approach to pursuing and selecting the most attractive investment opportunities continues to distinguish ExxonMobil. We are long-term driven, and we're patient. And we're not opportunity-constrained.

Rex Tillerson

The true secret of success in the investment and speculative world is not so much which good securities to buy, but rather which investments to avoid.

Morton Shulman

The State always moves slowly and grudgingly towards any purpose that accrues to society's advantage, but moves rapidly and with alacrity towards one that accrues to its own advantage; nor does it ever move towards social purposes on its own initiative, but only under heavy pressure, while its motion towards anti-social purposes is self-sprung.

Albert J. Nock

Demanding immediate success invariably leads to playing the fads or fashions currently performing well rather than investing on a solid basis. A course of investment, once charted, should be given time to work out. Patience is a crucial but rare investment commodity.

David Dreman

Below, we itemize some of the quite different lessons investors seem to have learned as of late 2009 - false lessons, we believe. To not only learn but also effectively implement investment lessons requires a disciplined, often contrary, and long-term-oriented investment approach. It requires a resolute focus on risk aversion rather than maximizing immediate returns, as well as an understanding of history, a sense of financial market cycles, and, at times, extraordinary patience.

Seth Klarman

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

John C. Bogle

There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.