"No 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 (the quota of emotional discipline and quantitative ability required) even more demanding than the first two." - William Bernstein
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Friday, December 5, 2008
Don't Try This at Home! Self-Directed Investing
This guy pretty much kills it. Awesome video, awesome quote.
Labels:
dfa,
diversifying,
find an advisor,
ifa,
index funds,
index funds advisors,
risk-reward
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