The real reason that physicians are rotten investors is tha… - William J. Bernstein

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The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

William J. Bernstein

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About William J. Bernstein

William J. Bernstein (born 1948) is an American financial theorist. He is known for his research in the field of modern portfolio theory and for his finance books for individual investors who wish to manage their own equity portfolios. He lives in Portland, Oregon.

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Alternative Names: William Bernstein • Bill Bernstein

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Warren Buffett Benjamin Graham Andy Kessler Peter Lynch Burton Malkiel

Additional quotes by William J. Bernstein

If markets were truly efficient, then you shouldn't be able to make any money rebalancing.

Ninety-nine percent of what you read about investing in magazines and newspapers, and 100% of what you hear on television is worse than useless.

In other words, since you cannot successfully time the market or select individual stocks, asset allocation should be the major focus of your investment strategy, because it is the only factor affecting your investment risk that you can control.

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine. - William J. Bernstein

About William J. Bernstein

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