For Do It Yourself Investor

Personal evaluation

Investment principles

Do it yourself practice

Focus on what brings happiness to your life, and consider your financial resources as a means to that end


For the long-term investor, volatility is not the major risk; inflation is

Roger Gibson

History teaches us that things that never happened before do happen.

Nassim Taleb

Asset allocation is the cornerstone of a prudent investment plan and is the single most important decision that an investor will make in regard to a portfolio

Rick Ferri

Charting is akin to astrology. The changes in stock prices are very close to a ‘random walk’: There is no dependable way to predict the future movements of a stock’s price from its past wanderings

Burton Malkiel and Charles Ellis

The more the managers and brokers take, the less the investors make

John Bogle

Annual income 20 pounds, annual expenditure 19.6, result happiness. Annual income 20 pounds, annual expenditure 20 pounds ought and 6, result misery.

Charles Dickens

Is it wise, or even reasonable, to rely on the stock market to deliver in the future the returns it has delivered in the past? Don’t count on it!

John Bogle

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas

Paul Samuelson

The message to the average investor is brutally clear: expect at least one, and perhaps two, very severe bear markets during your investment career

William Bernstein

“While I can’t assure you that traditional index investing is the best strategy ever devised, I can assure you that the number of strategies that are worse is infinite.

John Bogle

The one thing you have to avoid is the risk of ruin. Stay out of things that could cause you to lose all of your capital, all of your savings. Don’t gamble everything on one go. Instead, take rationally optimistic bets with big upsides

Naval Ravikant