If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.
William J. BernsteinWall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.
William J. BernsteinThe typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.
William J. BernsteinAll the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.
William J. BernsteinNo one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they think nothing of managing their retirement assets. I've done all three, and I'm here to tell you that managing money is, in its most critical elements even more demanding than the first two.
William J. Bernstein