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Investment Planning |
Great Investors, in Their Own Words
During extreme market volatility, many investors make poor decisions that can ultimately hurt them. Great investors remind us that a disciplined, patient, unemotional investment approach is required to reach your financial goals. The wise words of history’s most successful investors are tenets of long-term investing.
Disregard Short-Term Forecasts and Predictions
“The function of economic forecasting is to make astrology look respectable.”
—John Kenneth Galbraith, Economist and Author
Crises Are Inevitable
“History provides a crucial insight regarding market crises: They are inevitable, painful, and ultimately surmountable.”
—Shelby M.C. Davis, Advisor and Founder, Davis Advisors
Market Timing Is Impossible
“Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.”
—Peter Lynch, former Portfolio Manager of Fidelity Magellan Fund
Don't Let Emotions Guide Investment Decisions
“Be fearful when others are greedy. Be greedy when others are fearful.”
—Warren Buffett, Chairman, Berkshire Hathaway
With thanks to Selected Funds.
Tips Disclaimer
These tips contain information that may change over time as a result of new tax legislation. Although we make efforts to keep this information current, you should check with your tax advisor before taking action based upon any information contained in these tips.