---
title: "1 Economic Circumstances Quotes By James O'Shaughnessy"
description: "1 Economic Circumstances quotes by James O'Shaughnessy. Plus more from James O'Shaughnessy and more Economic Circumstances sayings from other authors."
image: "https://sms4smile.com/quotes/i/4b6/james-o-shaughnessy-30493_bound_industries-that-make-goods-and-services_2781194.jpg"
---

> [Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.](https://sms4smile.com/quotes/james-o-shaughnessy/industries-that-make-goods-and-services-that-people-have-to-buy/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

[Image](https://sms4smile.com/quotes/i/4b6/james-o-shaughnessy-30493_bound_industries-that-make-goods-and-services_2781194.jpg)

## More by James O'Shaughnessy

> [The average investor does significantly worse than a simple index... It's literally because of the way our brains are wired.](https://sms4smile.com/quotes/james-o-shaughnessy/the-average-investor-does-significantly-worse-than-a-simple-index-it/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just…](https://sms4smile.com/quotes/james-o-shaughnessy/if-you-are-an-investor-who-s-retired-and-hopes-to-live-off-the-income/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [It seems that the one thing that doesn't change is people's reaction to short-term conditions and their axiomatic ability to perpetuate them far into…](https://sms4smile.com/quotes/james-o-shaughnessy/it-seems-that-the-one-thing-that-doesn-t-change-is-people-s-reaction/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [If you're an investor who wants a little bit more from the capital-appreciation side of things, but still likes this concept of getting 'paid…](https://sms4smile.com/quotes/james-o-shaughnessy/if-you-re-an-investor-who-wants-a-little-bit-more-from-the-capital/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.](https://sms4smile.com/quotes/james-o-shaughnessy/fear-greed-and-hope-have-destroyed-more-portfolio-value-than-any/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [History depends on who is telling the story.](https://sms4smile.com/quotes/james-o-shaughnessy/history-depends-on-who-is-telling-the-story/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [Stocks change. Industries change. But the underlying reasons certain stocks are good investments remain the same. Only the fullness of time reveals which are…](https://sms4smile.com/quotes/james-o-shaughnessy/stocks-change-industries-change-but-the-underlying-reasons-certain/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [Arbitrage human nature. It's not going to change any time soon.](https://sms4smile.com/quotes/james-o-shaughnessy/arbitrage-human-nature-it-s-not-going-to-change-any-time-soon/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [If you're indexing to the S&P 500, you're buying the most expensive names in the market.](https://sms4smile.com/quotes/james-o-shaughnessy/if-you-re-indexing-to-the-s-p-500-you-re-buying-the-most-expensive/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [We continue to advise that investors remain committed to a patient, long-term outlook and that the best way to do well in stocks is…](https://sms4smile.com/quotes/james-o-shaughnessy/we-continue-to-advise-that-investors-remain-committed-to-a-patient/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [The truth seems to love the small print.](https://sms4smile.com/quotes/james-o-shaughnessy/the-truth-seems-to-love-the-small-print/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [By relying on the statistical information rather than a gut feeling, you allow the data to lead you to be in the right place…](https://sms4smile.com/quotes/james-o-shaughnessy/by-relying-on-the-statistical-information-rather-than-a-gut-feeling/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [If you look back to the most spectacular blow ups in history, you can always tie them to a couple things: They were extraordinary…](https://sms4smile.com/quotes/james-o-shaughnessy/if-you-look-back-to-the-most-spectacular-blow-ups-in-history-you-can/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [Historically, we have always seen reversion to the mean. After stocks have had an unusually great 10 or 20 years, they typically turn in…](https://sms4smile.com/quotes/james-o-shaughnessy/historically-we-have-always-seen-reversion-to-the-mean-after-stocks/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

> [You'll get nowhere buying stocks just because they have a great story.](https://sms4smile.com/quotes/james-o-shaughnessy/you-ll-get-nowhere-buying-stocks-just-because-they-have-a-great-story/)

[James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/)

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