Skip to content

It is often said that a monkey could run an index fund. Nothing could be further fro the truth. Precisely tracking an index requires a very high degree of market savvy, discipline and nerve.

— William J. Bernstein The Four Pillars of Investing (2002)

Another quote →

More quotes by William J. Bernstein

Investing is not a destination. It is an ongoing journey through its four continents - theory, history, psychology and business.

The Four Pillars of Investing (2002)

The advent of modern communication technology has simply facilitated the rapid dissemination of increasingly trivial information.

The Four Pillars of Investing (2002)

Human beings are not very good at taking losses or admitting failure.

The Four Pillars of Investing (2002)

In finance as in life, there is often a huge chasm between what is expected and what actually transpires.

The Four Pillars of Investing (2002)

The worst possible time to invest is when the skies are the clearest.

The Four Pillars of Investing (2002)

All William J. Bernstein quotes →

Attribution

Quote text and notes from Wikiquote: William J. Bernstein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.