A Quote by William J. Bernstein

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.
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 know Elon, we're very like minded in many ways. We're not conceptual twins. One thing I want us to do is go to Mars, but for me it's one thing. He's singularly focused on that. I think motivation wise, for me I don't find that Plan B idea motivating. I don't want a plan B for Earth, I want Plan B to make sure Plan A works.
If I have any attribute that serves me well, it's I don't have a long-range plan in life. I have no idea. I just don't look ahead, I really don't. You know when people get out of college and they're talking about their five-year plan. Five-year plan? I got a plan to get to Friday.
Plan your hours to be productive...Plan your weeks to be educational...Plan your years to be purposeful. Plan your life to be an experience of growth. Plan to change. Plan to grow.
I think there's a growing number of pitchers who want to have a plan going into a game about how they're going to go after that lineup. I'd say 75 percent want to have an idea, and they plan their attack. I know that 75 percent of hitters do not have that same type of plan against a pitcher.
Sometimes it is not wise to make a second plan; it diminishes the power of the first plan! In risky paths, make only one plan; this will increase the possibility of success! On the edge of a precipice, if your second plan is a parachute on your back, your possibility of falling will increase! When you have nothing to trust, you will be safer, because you have no right to make any mistake!
Well, well-run companies always have a focus on growth and the two lines, which includes profit. The key thing during, I think, tough times, is to make sure that you've covered the basis for when something, you know, essentially things taking longer, bad luck, adversity, other kinds of circumstances may occur. Make sure that you can monitor to win, it's potentially, you know, something is going to go wrong, monitor early enough, and then take appropriate action to essentially counteract that or shift your strategy or plan, even if in fact something is not working out as well as it is.
If you aren't going to make your revenue plan, it's unlikely you'll make your EBITDA or Net Income plan. You don't even have to get complicated and look at Gross Margin or more derivative metrics - if you are off in Q1 and have any sort of growth expectations , you are going to miss for the year.
Any plan where you lose your hat is a bad plan.
You know, the key issue is that city issues are not to be put in a box and say well, that's what the mayor wants. They're Canadian issues. Cities account for 75 percent of our GDP. If you don't have a plan for cities, it means you don't have a plan for the economy.
I think you have to make concessions in life. One of the most frustrating things about getting older is [you realize] the reason you have a plan is so you can see everything that it isn't. The plan never works. Something happens and you adjust to it and you adapt to it and you accept it and you keep going, but that's not the plan.
We are to make a plan for the day, pray over that plan, and then proceed with that plan. When we are willing to regard the unexpected as God's intervention, we can flex with the new plan, recognizing it as God's plan.
Here's the truth. Your teens and twenties are your Plan A. At 50, you're assessing whether Plan B or Plan C or any of the other plans you hatched actually worked. Your sixties and seventies, they're an improvisation.
A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.
My plan is to have no plan. If you know what plan you have, life has its own ideas and will take you in any direction it pleases. So my idea about life is to just be open to it and to go with the flow and go with my gut.
You have to plan it [your devotion to God] every day. And, the best time to plan it is before your day begins. If you don't plan it, your day will plan you. And so, I make a disciplined life of the study of the scriptures, reading the word every day.
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