Stock Broker Quotes

• Our standard prescription for the know-nothing investor with a long-term time horizon is a no-load index fund. I think that works better than relying on your stock broker. The people who are telling you to do something else are all being paid by commissions or fees. The result is that while index fund investing is becoming more and more popular, by and large it's not the individual investors that are doing it. It's the institutions.

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  Charlie Munger

  Thinking   Long   People  

  4009

• I find it funny because people complain about Brooklyn becoming too hip, but would they prefer stock brokers or gunfights or something?

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  Kemp Muhl

  People   Complaining   Brooklyn  

  Source: www.gq-magazine.co.uk

  1486

• Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.

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  Jim Rogers

  Eggs   Choices   Watches  

  "Jim Rogers: Diversification Is A Scam" by John Carney, www.businessinsider.com. April 16, 2009.

  3893

• You shouldn't trust the judgments of stock brokers picking individual stocks.

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  Gary A. Klein

  Judgment   Individual   Brokers  

  Source: bobmorris.biz

  3998

• Quinn's First Law of Investing is never to buy anything whose price you can't follow in the newspapers. An investment without a public marketplace attracts the fabulists the way picnics attract ants. Stock brokers and financial planners can tell you anything they want, because no one really knows what's true. The First Corollary to Quinn's First Law states that, even when the price is in the newspapers, you shouldn't buy anything too complex to explain to the average 12-year-old.

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  Jane Bryant Quinn

  Money   Average   Years  

  Jane Bryant Quinn (1997). “Making the Most of Your Money”, p.789, Simon and Schuster

  1295

• I was a stock broker once. I think there is an absolute place for market investments. But they should never be the basis of one's retirement. They should be an additional piece on top of a basic, secure, guaranteed retirement benefit.

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  Barbara Boxer

  Retirement   Thinking   Pieces  

  1523