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William J. Bernstein Quotes: 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.


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.



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.



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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On a mental level, kindness and compassion give rise to lasting joy.

On a mental level, kindness and compassion give rise to lasting joy.



The wonderful, beautiful thing that happens when you rid yourself of the things that don’t see your worth? You make space in your life for all the glorious things you deserve.

The wonderful, beautiful thing that happens when you rid yourself of the things that don’t see your worth? You make space in your life for all the glorious things you deserve.



We will paste upon the curled pages wordsLike charming and romantic and sentimentalForgetting that charming is witchcraftRomantic is loveAnd sentiment is what makes us human

We will paste upon the curled pages wordsLike charming and romantic and sentimentalForgetting that charming is witchcraftRomantic is loveAnd sentiment is what makes us human



As the Great Magician says, there will always be trouble in the world. That’s why I say, there will always be a time for heroes.

As the Great Magician says, there will always be trouble in the world. That’s why I say, there will always be a time for heroes.



I know great songwriters. Fred Neil would come up when he was in L.A., we all used to hang out. He would sit there and sing, and we would just melt. I mean, we would go to his recording sessions.

I know great songwriters. Fred Neil would come up when he was in L.A., we all used to hang out. He would sit there and sing, and we would just melt. I mean, we would go to his recording sessions.



If there is one clear lesson of our century, it is this: where aggression is tolerated, it multiplies.

If there is one clear lesson of our century, it is this: where aggression is tolerated, it multiplies.



I don't worry about getting tired. I try not to let it guide me as far as how much I'm going to play. I play with my heart.

I don't worry about getting tired. I try not to let it guide me as far as how much I'm going to play. I play with my heart.



We played in the Senior Bowl, ... I got MVP out of jamming his (expletive). It basically started there, with a long week of getting after each other.

We played in the Senior Bowl, ... I got MVP out of jamming his (expletive). It basically started there, with a long week of getting after each other.



You are responsible for every part of your image, even the parts you’re not interested in.

You are responsible for every part of your image, even the parts you’re not interested in.



My goal was just to try and be the best player on my high school team, and look where I am now. And that was still my goal as a young kid, just to try and be a little better than my brother was.

My goal was just to try and be the best player on my high school team, and look where I am now. And that was still my goal as a young kid, just to try and be a little better than my brother was.




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This page presents the quote "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.". Author of this quote is William J. Bernstein. This quote is about investment, investors, kind, two,.