“A calm and modest life brings more happiness than the pursuit of success with constant recklessness.”
~Albert Einstein
How do we overcome the financial mistakes investors repeat generation after generation? How do we manage our instincts such as fear, envy, and overconfidence? Our answer is that “pension-style” investing solves these problems and helps us sleep better at night. This article shares wisdom why it is best to pursue peace of mind with our finances:
| Vices, Virtues, and a Little Humor: 30 Quotes from Financial HistoryWhy do smart investors repeat the same mistakes generation after generation? Because financial instincts — like fear, envy, and overconfidence — are ancient, stubborn, and terribly unsuited for modern markets. Fortunately, financial history leaves behind a paper trail of wisdom, wit, and hard-won lessons. Sometimes, a single quote can do more to correct a bad habit than a hundred charts …blogs.cfainstitute.org |
Here are three more of our favourite quotes:
“In business, don’t close a bargain until you have reflected upon it overnight.”
~Hetty Green
“I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
~Warren Buffett
“The most brilliant financial strategy consists of living well within one’s means.”
~Benjamin Graham
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