Thank you, Mr. Statman. Great advice.
1. Goldman Sachs is faster than you.
2. The future is not the past, and hindsight is not foresight.
3. Take the pain of regret today and feel the joy of pride tomorrow.
4. Investment success stories are as misleading as lottery success stories.
5. Neither fear nor exuberance are good investment guides.
6. Wealth makes us happy, but wealth increases make us even happier.
7. I’ve only lost my children’s inheritance.
8. Dollar-cost averaging is not rational, but it is pretty smart.
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