by Summary:
In the FT, looking back at ten years of The Long View, John Authers offers investment lessons that may be summarized in five points: Always worry about costs and don’t try to outsmart the market. That is, hold index funds. Rebalancing pays off. Since getting the timing right is very hard, being out of the market is as risky as being in it. To beat the market, buying at low prices is key. But know what you know and what you don’t. Public markets are efficient. Money isn’t everything; in fact it’s not among the things that really matter.
Topics:
Dirk Niepelt considers the following as important: Efficient markets, Index fund, Investment, Lesson, Notes, Rebalancing
This could be interesting, too:
In the FT, looking back at ten years of The Long View, John Authers offers investment lessons that may be summarized in five points: Always worry about costs and don’t try to outsmart the market. That is, hold index funds. Rebalancing pays off. Since getting the timing right is very hard, being out of the market is as risky as being in it. To beat the market, buying at low prices is key. But know what you know and what you don’t. Public markets are efficient. Money isn’t everything; in fact it’s not among the things that really matter.
Topics:
Dirk Niepelt considers the following as important: Efficient markets, Index fund, Investment, Lesson, Notes, Rebalancing
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In the FT, looking back at ten years of The Long View, John Authers offers investment lessons that may be summarized in five points:
- Always worry about costs and don’t try to outsmart the market. That is, hold index funds.
- Rebalancing pays off.
- Since getting the timing right is very hard, being out of the market is as risky as being in it.
- To beat the market, buying at low prices is key. But know what you know and what you don’t. Public markets are efficient.
- Money isn’t everything; in fact it’s not among the things that really matter.