Market risk is like taking a plunge into a cool pool. . . a lot of people are … - William J. Bernstein - Quotesmemo.com

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Energy enables a man to force his way through irksome drudgery and dry details and caries him onward and upward to every station in life.

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William J. Bernstein

Market risk is like taking a plunge into a cool pool. . . a lot of people are finding out right now what their risk tolerance is.

Like, People, Right, Risk, Tolerance

Same Author Quotes

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

Chance, Doctors, Dropout, Might, School, Stockbroker

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

Investing, Purpose, Return, Simply

There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.

Depends, Investment, Investor, Kind, Know, Two

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

Charlatan, Charlatans, Guru, Hard, Reason

You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.

Human, Investment, Psychology, Thinking, Years

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Energy enables a man to force his way through irksome drudgery and dry details and caries him onward and upward to every station in life.

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What happens in our lives is not really anybody's fault but our own. . . When I was in high school, I was in an atheist crowd, and it was the consensus that religion was a crutch.

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Pride goes before a fall, they say, And yet we often find, The folks who throw all pride away Most often fall behind.

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My wife and I have long discussions about [George] Carlin, and we refuse to accept that he died an atheist. It's just, confounding. When I talked to Kelly [George Carlin's daughter] about it, she said that George Carlin once took her at about 12 years old and said, "I've figured it out. " And he says it in one of his specials sort of - he goes, "We're all energy and we're all connected. That goldfish you have, you, me, that boot laying in the street, we're all pieces of light to a giant electron.

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