WWWBD: What Would Warren Buffett Do?
The signal to noise ratio in the world of investing is sadly lower than in any other industry known to man. Americans are bombarded with billions of dollars of advertisements for financial products every year, each claiming a different approach to solving our problems.
Meanwhile, the news media and investment publications that claim to be objective are really in the business of promoting whatever content increases the consumption of Wall Street ads (and ultimately Wall Street products).
For these reasons, it is always helpful to take a step back and remind ourselves of the views and recommendations of leading investment minds and thought leaders like Warren Buffett, David Swensen, and John Bogle.
Over the years, we’ve collected hundreds of quotes that help to illustrate a clear path to success (and often make far better use of the English language than we could ever hope to). Here are a few of the best:
Photo by Royden Dixon for the United States Office of War Information (Library of Congress (Call number LC-USE6-D-000368)) [Public domain], via Wikimedia Commons
Photo source: Yale University Investments Office
In addition to the investment gems up above, here are are a few more for good measure. Whenever a “hot” new Wall Street product rolls off the production line, it’s important to revisit these quotes to help avoid the dangerous hype that always ensues.