Words To Live By

“I can’t tell you how to get rich quickly. I can only tell you how to get poor quickly: by trying to get rich quickly” – Andre Kostalany

“If you fail to plan, plan to fail”

“The only time you cannot plan for is yesterday”

"There are two systems of taxation in our country: One for the informed and one for the uninformed" - The Honorable Learned Hand, 1934

“Manage risk not just money”

“Imagine the possibilities & weigh them by the probabilities”

“Understand the difference between risk & volatility”

 “Faith in the future is the only world view, from an investors point of view, that jives with historical facts”  - Joe Jordan

"Do not save what is left after spending but spend what is left after saving" - Warren Buffett

“People underestimate their mortality.  Running out of money is one of the biggest real risks in retirement but one of the least worried about by retirees” - Dr. Keith Niedermeier, Wharton Behavior Finance Professor

“Pay yourself first by automating your savings”

"Divorce your emotions from your investments"

"What we learn from history is that people don't learn from history" - Warren Buffett

"Two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable.  We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful - Warren Buffett

"We have long felt that the only value of stock forecasters is to make fortune-tellers look good" - Warren Buffett