Investment Tips from History’s Greats

“SURPRISE, THE RETURNS REPORTED BY MUTUAL FUNDS AREN’T ACTUALLY EARNED BY INVESTORS.”

-John C Bogle, Founder & former CEO of Vanguard

“DEFENSE IS TEN TIMES MORE IMPORTANT THAN OFFENSE. THE WEALTH YOU HAVE CAN BE SO EPHEMERAL; YOU HAVE TO BE VERY FOCUSED ON THE DOWNSIDE AT ALL TIMES.”

-Paul Tudor Jones, Founder, Tudor Investment Corporation

“AN INVESTMENT OPERATION IS ONE WHICH, UPON THOROUGH ANALYSIS, PROMISES SAFETY OF PRINCIPAL AND AN ADEQUATE RETURN. OPERATIONS NOT MEETING THESE REQUIREMENTS ARE SPECULATIVE.”

-Benjamin Graham, Author of The Intelligent Investor (considered one of the best investment books ever written)

“PEOPLE JUST DON’T PLAY THEIR PROPER ROLE IN THE SCHEME OF THINGS. THEY HAVE ABDICATED THEIR OPPORTUNITY/RESPONSIBILITY AS IT PERTAINS TO THE BANKING FUNCTION IN THE ECONOMY. THEY ARE DEPEDNING ON SOMEONE ELSE TO PERFORM THAT JOB – AND THAT CHARACTER IN THE PLAY IS MAKING MOST OF THE MONEY! AND RIGHTLY SO, BECAUSE OF THE GOLDEN RULE – THOSE WHO HAVE THE GOLD MAKE THE RULES!”

-Nelson Nash, Author of Becoming Your Own Banker

“RULE NUMBER ONE: NEVER LOSE MONEY. RULE NUMBER TWO: NEVER FORGET RULE NUMBER ONE.”

-Warren Buffett, Chairman & CEO of Berkshire Hathaway

“OUR JOB AS INVESTORS IS TO NAVIGATE THE FINANCIAL MARKETS IN A MANNER THAT SIGNIFICANTLY REDUCES THE DESTRUCTION OF CAPITAL OVER TIME. BY SPENDING LESS TIME MAKING UP PREVIOUS LOSSES, OUR INVESTMENTS ADVANCE MORE QUICKLY TOWARDS OUR LONG-TERM OBJECTIVES.”

-Lance Roberts, Chief Investment Strategist, Clarity Financial

“IN EVERY MUTUAL FUND PROSPECTUS, IN EVERY SALES PROMOTIONAL FOLDER, AND IN EVERY MUTUAL FUND ADVERTISEMENT (albeit in print too small to read), THE FOLLOWING WARNING APPEARS: “PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.” BELIEVE IT!”

-Paul Samuelson, Ph.D., Nobel Laureate in Economics, 1970

“I’M NOT CONCERNED WITH THE RETURN ON MY MONEY AS I AM WITH THE RETURN OF MY MONEY.”

-Will Rogers, Writer, Philosopher, Actor

“WHEN IT COMES TO FUND MANAGERS AND MARKET STRATEGISTS, THIS YEAR’S HERO USUALLY TURNS INTO NEXT YEAR’S ZERO.”

-William Bernstein, Ph.D., M.D., Author of The Investor’s Manifesto

“NOBODY KNOWS WHICH COMPANY WILL PROVE A GOOD LONG-TERM INVESTMENT. EVEN BUFFETT’S GENIUS LIES MORE IN RUNNING BUSINESSES THAN IN PICKING STOCKS. BUT IN THE INVESTING WORLD, THAT IS IGNORED. WALL STREET, WITH ITS ARMY OF BROKERS, ANALYSTS, AND ADVISERS FUNNELING TRILLIONS OF DOLLARS INTO MUTUAL FUNDS, HEDGE FUNDS AND PRIVATE EQUITY FUNDS, IS AN ELABORATE FRAUD.”

-Michael Lewis, Author and Financial Journalist

“WHAT IF YOUR ADVISOR TALKS ONLY ABOUT RETURNS, NOT RISK? …IT’S HIS JOB TO TAKE RISK INTO ACCOUNT BY TELLING YOU THE RANGE OF POSSIBLE OUTCOMES YOU FACE. IF HE WON’T, GO TO A NEW PLANNER, SOMEONE WHO WILL GET REAL.”

-William Sharpe, Nobel Laureate in Economics, 1990

“IT IS A TRUTH VERY CERTAIN THAT WHEN IT IS NOT IN OUR POWER TO DETERMINE WHAT IS TRUE WE OUGHT TO FOLLOW WHAT IS MOST PROBABLE.”

-Rene Descartes, Philosopher, Mathematician, Scientist

“IN GAMBLING THE MANY MUST LOSE SO THE FEW MAY WIN.”

-George Bernard Shaw, Playwright, Critic, Political Activist

“THE ILLITERATE OF THE TWENTY FIRST CENTURY WILL NOT BE THOSE WHO CANNOT READ AND WRITE, BUT THOSE WHO CANNOT LEARN, UNLEARN, AND RELEARN.”

-Alvin Toffler, Author

In Summary

Chasing rates of return is a recipe for at best, mediocrity, with a propensity for failure. Being successful in wealth creation is not a function of finding that high return (which increases your risk), but about protecting your wealth and controlling the banking equation in your own personal economy. Be Your Own Bank.

Coordinate various financial products you buy, into what you can do with them in combination with one another, and that will dictate your success.

how can we help you?

Contact us to learn more.

Financial Planning has FAILED

Leave a Reply