The Intelligent Asset Allocator Quotes

“This is one of the reasons why profitable strategies, if they exist at all, do not last for very long. As soon as they are discovered, they are acted upon by the investment community, bidding up the price of the relevant assets, thus eliminating their excess return.”
― William J. Bernstein, The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk

“There is great advantage to be gained from wide diversification among as many potential investment categories as possible.”
― William J. Bernstein, The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk

“Investing is a journey of lifelong learning”
― William J. Bernstein, The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk