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Excellent Quote From “The Mole”
By JLP | November 14, 2007
From The Mole column in the November 2007 issue of Money comes this most excellent quote regarding performance chasing:
“It’s a heck of a lot easier to construct a portfolio that has performed well than a portfolio that will perform well.”
LOL! Ah the joys of backtesting…
Topics: Humor | 6 Comments »
November 14th, 2007 at 4:17 pm
They’re easier to sell too…
November 14th, 2007 at 5:12 pm
My boss keeps doing this to prove that he can construct a better portfolio than the company managing our 401ks. SO he goes through and add a bunch of items then says “see, ” could have gotten 35% return had they done it my way!”
November 15th, 2007 at 10:30 am
This is so true. Build a diversified portfolio and keep costs down, including taxes. No one knows what the future holds for the various asset classes, but you can improve your returns if you reduce your portfolio expenses and minimize taxes. Focus on the factors you can control.
November 15th, 2007 at 11:29 am
Swim Upstream definitely offers some good advice there. If some sort of catasrophic terrorist attack were to occur, our investments would be hosed regardless of where they are…but there’s no use worrying about it since it’s nothing we can control.
November 15th, 2007 at 5:45 pm
Hard to argue with that.
November 25th, 2008 at 1:17 am
A good quote and I agree with you that it is really a true one .So thanks for sharing.