Hello and Welcome. This page is a collection of 5 quotes about Portfolio Management that I liked and saved from various books. I hope you will like these quotes too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Portfolio Management Quotes from How Not to Invest book by Barry Ritholtz
- Don’t try to time the markets You lack the skill, the discipline, and the ability. Even if you get lucky, it’s just that – dumb luck – and that serendipity is likely to encourage you to engage in even more reckless and foolish behavior in the future. The odds of you jumping out on time and getting back in are stacked against you. Add in taxes and other costs, and it becomes a fool’s errand.
- A strong process is a guarantee – not of outcome or results, but of a higher probability of obtaining your desired results. That’s why process is so important to investors.
- Recognize you cannot know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
- Boring, steady portfolios can withstand anything you throw at them.
Other Portfolio Management Quotes
- It’s important to note that exiting the market after a decline – and thus failing to participate in a cyclical rebound – is truly the cardinal sin in investing. Experiencing a mark-to-market loss in the downward phase of a cycle isn’t fatal in and of itself, as long as you hold through the beneficial upward part as well. It’s converting that downward fluctuation into a permanent loss by selling out at the bottom that’s really terrible. – from Mastering the Market Cycle book by Howard Marks