Paul B. Farrell Quotes

“Buy (quality) and hold — and you’ll never sell.”

“Diversification is the lost art of being average. Don’t be greedy, be average. It doesn’t take a genius to figure out that if you put all your eggs in one basket, like Enron or some silly dot.bomb — and it goes belly-up—you’ll end up with an uncooked omelet.”

“Everybody is a financial genius in a bull market.”

“Follow these if you want to build a successful portfolio:
 
1. Save. Start early, save regularly, trust compounding to do the rest.
2. Diversify. Spread your risks across funds moving on different cycles.
3. Index. All you need to do is be average, and you’ll come out a winner.”

“Good ol’ Warren Buffett says his favorite holding period is 'forever'! He says the best time to sell is 'never'! Okay, so there are a few minor exceptions, but if you buy quality, you’ll never want to sell.”

“I’m far more baffled today, because I see how much the people who should know, really don’t. The best and the brightest are guessing, too — and they’re wrong more often than you and me.”

“In the long run, diversification always wins.”

“Investing is very, very simple. You can do it all by yourself.”

“Let’s face it, there really are so many more important things in life than worrying about your investments every day.”

“Market timing is for chumps and chimps. No kidding, folks, a chimpanzee throwing darts was able to create a portfolio that beat the nineties bull market for a few years. The market is totally random, irrational, and unpredictable. And it loves humbling the mighty. Try to beat it and you’ll lose money. That’s why market timing is a fool’s game, and why trading makes no sense for America’s laziest investors.”

“Most people really do want a portfolio that’s like a lazy day in the sun, stuff to reduce anxiety, increase peace of mind, and help you feel confident about the future so you can live like a millionaire today, whether you have your million already or are slowly inching your way toward it.”

“The laziest portfolios are truly the best portfolios for procrastinators, the financially challenged, and everyone who worries about dealing with their money — because they work.”

“The market truly is random and unpredictable. In fact, only a damn fool would try to outguess it. Flow with it, maybe. But you’ll never beat it.”

“Tortoises consistently beat hares. Think long term. ”