Random quotes

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  • You're supposed to make the most money in your career from age 35 to 50. You got time.

  • Strive for financial independence because somewhere north of age 40 you're going to start getting tired or bored. You'll want the options of narrowing what you do to what you want to do.

  • “In this world nothing can be said to be certain, except death and taxes.” - Benjamin Franklin

  • You can spend the entire second half of your life recovering from the mistakes of the first half. - Saul Bellow

Related to stocks:

  • Great quotes in this WSJ article from John Bogle such as “When there is a gap between perception and reality it is only a matter of time until it is reconciled…. in favor or reality.”

  • Warren Buffett on market swings and recessions: “Be fearful when others are greedy and greedy when others are fearful”; “Every decade or so, dark clouds will fill the economic skies and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.”

  • “The stock market has predicted 9 of the last 5 recessions.” I.e. A huge drop in the market doesn't necessarily mean there's anything wrong with the wider economy, and it will soon pop back up.

  • “They don’t ring the bell at market tops.”

  • “Dead cat bounce” - That term is just so funny to me (apologies to the cat-lovers).

  • “No tree can grow to the sky” - i.e. at a certain point a company is so big that the stock can’t grow much more - proof that small cap funds are better over the long term

Last thing on Money, courtesy of that crazy jew Gene Simmons:

Interviewer:  Do you think that money is a corrupting influence in music or an enabling one?

Gene - Money is the blood and the fuel that powers Earth. Even God passes the hat around. So, if you’re a church or a rock band or even The Wall Street Journal that you work for, try running a newspaper—who are all dying—without making money. It doesn’t work. Money is the most important thing. Wars are fought for it. But without money there’s no philanthropy, you can’t feed your children, you can’t buy your mother the hip operation she needs. Without money, you’re f—ed. People have said that even if artists like Bruce Springsteen and Bob Dylan didn’t make a living off their music, they would continue making music even if that meant playing on a street corner. Do you believe that?