It's one of the ironies of investing. The rich can afford to take risks, but they don't need to. The poor need to take risks, but they often can't afford to.
Jonathan ClementsIf you want to see the greatest threat to your financial future, go home and take a look in the mirror.
Jonathan ClementsIn the Modern Age, there are still those who refuse to contradict a single word of the Bible, even though the Bible contradicts itself.
Jonathan ClementsI am a huge, huge, huge fan of index funds. They are the investorโs best friend and Wall Streetโs worst nightmare.
Jonathan ClementsWhat to do when the market goes down? Read the opinions of the investment gurus who are quoted in the WSJ. And, as you read, laugh. We all know that the pundits can't predict short-term market movements. Yet there they are, desperately trying to sound intelligent when they really haven't got a clue.
Jonathan ClementsIn 1867, George Campbell, Duke of Argyll, had published The Reign of Law, a book that Darwin found deeply annoying. A supporter of Richard Owen, Campbell argued that while evolution (or Development) might be observable in the fossil record, it was merely evidence of God's purpose. God, for example, would cause horses and oxen to evolve in time to meet human needs. The brightly colored plumage of birds, Campbell went on, were simply God's decorations of nature for humanity's enjoyment.
Jonathan Clements