And lest I offend art lovers, it should be pointed out that… - William J. Bernstein

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And lest I offend art lovers, it should be pointed out that even an old master, bought from the the artist for $100 and sold 350 years later for $10,000,000, has returned only 3.34% per year.

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.

Also Known As

Alternative Names: William Bernstein • Bill Bernstein

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Originators like William J. Bernstein:

Warren Buffett Benjamin Graham Andy Kessler Peter Lynch Burton Malkiel

Additional quotes by William J. Bernstein

Value stock returns are impossible to estimate using the traditional methods, because most of the excessive return arises from the slow improvement in valuations that occurs as doggy stocks become less doggy over time.

The worst possible time to invest is when the skies are the clearest.

Human beings are not very good at taking losses or admitting failure.

And lest I offend art lovers, it should be pointed out that even an old master, bought from the the artist for $100 and sold 350 years later for $10,… - William J. Bernstein

About William J. Bernstein

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Additional quotes by William J. Bernstein