Jason Zweig Quotes

“If you buy-and then hold-a total stock market index fund, it is mathematically certain that you will outperform the vast majority of all other investors in the long run. Graham praised index funds as the best choice for individual investors, as does Warren Buffett.”

“Obviously you’re never going to just work out without conscious thought. But like a dog salivating at a bell, maybe you start to get antsy around the time of day you normally work out.”

“The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation.”

“Think of Munger and Miller and Buffett: guys who just won’t spend a minute of time or an iota of mental energy doing or thinking about anything that doesn’t make them better.

Their skill is self-honesty. They don’t lie to themselves about what they are and aren’t good at.

Being honest with yourself like that has to be part of the secret. It’s so hard and so painful to do, but so important.”