"You can control your portfolio allocation, your own education, who you listen to, what you read, what evidence you pay attention to, and how you respond to certain events. You cannot control what the Fed does, laws Congress sets, the next jobs report, or whether a company will beat earnings estimates. Focus on the former; try to ignore the latter." #85
92. There will be seven to 10 recessions over the next 50 years. Don't act surprised when they come.
96. For many, a house is a large liability masquerading as a safe asset.
110. The single most important investment question you need to ask yourself is, "How long am I investing for?" How you answer it can change your perspective on everything.
119. How long you stay invested for will likely be the single most important factor determining how well you do at investing.
120. A money manager's amount of experience doesn't tell you much. You can underperform the market for an entire career. Many have.
Read Housel's tidbits of wisdom and benefit:
http://www.fool.com/investing/general/2014/12/12/122-things-everyone-should-know-about-investing-an.aspx?utm_source=Jan+2015+Dave&utm_campaign=David+Jan+Newsletter&utm_medium=email
122 things everyone should know about investing and the economy
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Published :
Rating : 4.5