Posts Tagged ‘fortune’

“There is no greater financial cliché than the poor man who builds a fortune only to discover that he lost everything that was really important to him….  You have to create goals that mesh with the person you truly want to be.” -Mark Ford

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The investment-advisory industry is a huge, multi-billion dollar business based on hard work, clever thinking, and sophisticated algorithms….  [T]he unfortunate truth is that the financial establishment rarely looks beyond stocks and bonds.  And if you think about it, why would it want to?  It makes its money by ushering you from one ‘hot’ stock or ‘amazing’ fund to the next….  Because they know that you have heard that ‘diversification of assets’ is good, financial advisers give you the illusion of diversification by filling your stock portfolio with businesses that are ‘diversified’….  But at the end of the day, it’s all invested in stocks or stock derivatives.

Asset allocation is the process by which you spread your wealth across different sorts of investments….  Over the years, I have made hundreds of individual financial decisions….  I could see very clearly that it was not particular buy/sell decisions that accounted for this good fortune.  It was the general decisions about asset allocation that paid off.” -Mark Ford

Consistent Fortune

Posted: February 22, 2016 in Money Matters
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“Keeping your head when others panic is the one of the most consistent ways to make a fortune.” -David Eifrig

“By taking responsibility for your current condition, you also assume responsibility for your future.  Nobody can change your fortune but you.  And nobody else will.” -Mark Ford

Fortune in Hand

Posted: June 17, 2014 in Thought for the Day
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The mould of a man’s fortune is in his own hands.” -Francis Bacon

Fortune in Hand

Posted: June 5, 2014 in Thought for the Day
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The mould of a man’s fortune is in his own hands.” -Francis Bacon

“Industry, perseverance, and frugality make fortune yield.” -Benjamin Franklin