"The wise learn from their own experiences but the truly intelligent will learn from someone else's!" - Benjamin Franklin.
Akbani Informatics: A full-service consultancy for training, and information management. For Information services, Research, Content management, Training, Human Resources, Helpful Advice & Related Services
Sunday, January 18, 2009
Be diversified and don't assume past performance will continue.
By JOHN C. BOGLE
"There is almost no limit to the ability of investors to ignore the lessons of the past. This cost them dearly last year. Here are six of the most important of these lessons:
1) Beware of market forecasts, even by experts
2) Never underrate the importance of asset allocation.3) Mutual funds with superior performance records often falter.
4) Owning the market remains the strategy of choice.
5) Look before you leap into alternative asset classes.
6) Beware of financial innovation." continue reading
See on the same shelf:
Saturday, January 17, 2009
"The last lines in the book read: ''Nurse Langtry began to walk again, briskly and without any fear, understanding herself at last. And understanding that duty, the most indecent of all obsessions, was only another name for love.'' Neither the sentiment expressed nor the suggestion that Nurse Langtry finally understands herself is convincing; nevertheless, Colleen McCullough is able to make the reader care about Sister Langtry, who, despite herself, is a vibrant enough character to make the book enjoyable and worth reading. "continue reading NYTimes