Damage Quote by William J. Bernstein

“Although the Romans knew Chinese silk, they knew not China. They believed that silk grew directly on the mulberry tree, not realizing that the…

— William J. Bernstein

It's human nature to find patterns where there are none and to find skill where luck is a more likely explanation (particularly if you're…

— 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…

— William J. Bernstein

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't…

— William J. Bernstein

A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion…

— William J. Bernstein

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

— William J. Bernstein

The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.

— William J. Bernstein

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

— William J. Bernstein

While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in…

— William J. Bernstein

You have to ask yourself, what are the things that matter to you most in your life? If you have to have a latte…

— William J. Bernstein

The definition of investment is the deferring ofpresent consumption for future consumption. So, you dohave to be willing to defer. And there are a…

— William J. Bernstein

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when…

— William J. Bernstein