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William J. Bernstein Quotes: It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.
         

It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.


William J. Bernstein
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It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.
         



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Other quotes of William J. Bernstein


For the taxable investor, indexing means never having to say you're sorry.

For the taxable investor, indexing means never having to say you're sorry.



Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.



The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.



The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.



There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.



99% of fund managers demonstrate no evidence of skill whatsoever.

99% of fund managers demonstrate no evidence of skill whatsoever.



You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.



If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.



Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.



All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.





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Its not the falling down that counts but what you do next that counts the most. Don't spend your time on your needs if you have fallen, instead get up and dust your knees clean and walk!

Its not the falling down that counts but what you do next that counts the most. Don't spend your time on your needs if you have fallen, instead get up and dust your knees clean and walk!



After Barbarossa and Pearl Harbor, the war tide slowly turned against the Axis.

After Barbarossa and Pearl Harbor, the war tide slowly turned against the Axis.



Every time you open up your heart in obedience to God and worship Him with all your heart, all your mind, and all your soul, our beautiful Lord responds with His magnificent presence.

Every time you open up your heart in obedience to God and worship Him with all your heart, all your mind, and all your soul, our beautiful Lord responds with His magnificent presence.



I don't stop when I'm tired. I stop when I'm done

I don't stop when I'm tired. I stop when I'm done



You can analyze a glass of water and you're left with a lot of chemical components, but nothing you can drink.

You can analyze a glass of water and you're left with a lot of chemical components, but nothing you can drink.



Cabbages, whose heads, tightly folded see and hear nothing of this world, dreaming only on the yellow and green magnificence that is hardening within them.

Cabbages, whose heads, tightly folded see and hear nothing of this world, dreaming only on the yellow and green magnificence that is hardening within them.



I don't think enjoying life is an exclusive prerogative of young people.

I don't think enjoying life is an exclusive prerogative of young people.



It varies, I don't think there is any one set way of writing songs or coming up with ideas, it comes in so many ways you know.

It varies, I don't think there is any one set way of writing songs or coming up with ideas, it comes in so many ways you know.



As far as we know, everyone’s right— Strigoi don’t want to hang out in Palm Springs.” Eddie became about one percent less tense.

As far as we know, everyone’s right— Strigoi don’t want to hang out in Palm Springs.” Eddie became about one percent less tense.



I have a regret that the entire discussion [with El Chapo]... ignores its purpose, which was to try to contribute to this discussion about the policy in the War on Drugs.

I have a regret that the entire discussion [with El Chapo]... ignores its purpose, which was to try to contribute to this discussion about the policy in the War on Drugs.




Quote Description


This page presents the quote "It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.". Author of this quote is William J. Bernstein. This quote is about luck, patterns, meaning-of-life, success, human-nature,.