Portfolio Management

The markets are brilliant long-term, but short-term they have the IQ of a gnat.

Buy when there is blood on the street and sell on the sound of the trumpet.

Delegating your morality to a fund’s screening process is like using a blunt instrument to do brain surgery.

Market timing is the attempt to switch a significant portion of your assets between different types of investments in an effort to maximize profits. If this is your investment strategy, good luck, because you’ll need it.

Good portfolios have low expense ratios and minimal trading costs.

There is an art to selecting the right investment vehicles for individual portfolios.

Keeping expenses low helps keep your return high.

A good investment advisor will tailor the investments to the specific characteristics of the investor’s situation.

You can learn a lot about financial management from snapping turtles.

Recently record amounts of money have been taken out of stocks and put into bonds. These investors assume that at least their money will be safer in cash or bonds. These assumptions are wrong.