Saturday, October 23, 2010

Quotes From Book: The little book that beats the market



  • Saving : It takes a great amount of discipline to save any money. After all, no matter how much money you earn or recieve from others, it's simply much easier and more immediately rewarding to find something to spend it on.

  • On Academic theories behind irrational behavior of stock market: In fact it is such a good question that professors have developed whole fields of economic, mathematical, and social study to try to explain it. Even more incredible, most of this academic work has involved coming up with theories as to why something that cleary makes no sense, actually makes sense. You have to be really smart to do that.

  • Individual stock picking: Choosing individual stocks without any idea of what you are looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot.

No comments: