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At a very early stage in history we are encountering "survivorship bias" - the fact that only the best results tend to show up in the history books.

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

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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)

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Reading maketh a full man; conference a ready man; and writing an exact man.

Francis Bacon Meditationes sacræ (1597)

It is not in the books of the Philosophers, but in the religious symbolism of the Ancients, that we must look for the footprints of Science, and re-discover the Mysteries of Knowledge.

Albert Pike Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry (1871)

There is more than one way to burn a book. And the world is full of people running about with lit matches.

Ray Bradbury Fahrenheit 451 (1953)

People say that life is the thing, but I prefer reading.

Logan Pearsall Smith Afterthoughts (1931)

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.