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William J. Bernstein Quotes: 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.


William J. Bernstein
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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.



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.



When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.





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Welcome to the real world, Mother Robot, a beautiful and dangerous place. Now you can truly begin to live.

Welcome to the real world, Mother Robot, a beautiful and dangerous place. Now you can truly begin to live.



I love the abstract, delicate, profound, vague, voluptuously wordless sensation of living ecstatically.

I love the abstract, delicate, profound, vague, voluptuously wordless sensation of living ecstatically.



A word, a look, an accent, may affect the destiny not only of individuals, but of nations. He is a bold man who calls anything a trifle.

A word, a look, an accent, may affect the destiny not only of individuals, but of nations. He is a bold man who calls anything a trifle.



Everybody has their own idea of what's a poet. Robert Frost, President Johnson, T.S.Eliot, Rudolf Valentino - they're all poets. I like to think of myself as the one who carries the light bulb.

Everybody has their own idea of what's a poet. Robert Frost, President Johnson, T.S.Eliot, Rudolf Valentino - they're all poets. I like to think of myself as the one who carries the light bulb.



I guess you ought to be careful about cussin the dead. I would say at the least there probably ain't no luck in it.

I guess you ought to be careful about cussin the dead. I would say at the least there probably ain't no luck in it.



As a small child me and my pals fantasised about one day owning an ice-cream van. To have ice creams on demand would have been a dream come true.

As a small child me and my pals fantasised about one day owning an ice-cream van. To have ice creams on demand would have been a dream come true.



The light has gone out of our lives and there is darkness everywhere following Gandhi's assassination.

The light has gone out of our lives and there is darkness everywhere following Gandhi's assassination.



Being a celebrity is probably the closest to being a beautiful woman as you can get.

Being a celebrity is probably the closest to being a beautiful woman as you can get.



As a fashion designer, I was always aware that I was not an artist, because I was creating something that was made to be sold, marketed, used, and ultimately discarded.

As a fashion designer, I was always aware that I was not an artist, because I was creating something that was made to be sold, marketed, used, and ultimately discarded.




Quote Description


This page presents the quote "The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.". Author of this quote is William J. Bernstein. This quote is about reason, guru, hard, charlatans,.