Robert J. Shiller Quotes

The important thing in investing is to be true to your compass.

You just have to approach every day and say, 'If you were starting fresh today, what would my portfolio look like?' So that's how we think about it.

I think one should definitely invest, not all the money in one go but keep some and invest the rest as and when required.

To be a good investor, you have to think differently from others.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Optimization tells us precisely how to diversify the portfolio, whether I should have 12% in semiconductors or 4% in biotech, etc., and it literally tells me how to diversify not only the industry groups but the stocks.

Our balance sheet provides us with the ability to act on investment opportunities in appropriate areas that diversify and broaden our portfolio, including the gas and energy sector.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.

In my day job, I worry non-stop about making wise investments for long-term gains.

I'm a very passive investor.

The very first stock I bought right out of college was Berkshire Hathaway.

No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly.

The key to making money is to stay invested.

We aren't going to let our first investment be the best.

I invest in funds myself even though I run my own fund for my daughters.

The beauty of diversification is it's about as close as you can get to a free lunch in investing.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.

I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio.

My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.

It doesn't help to follow every rise and fall of your portfolio. It's better to tune out the day-to-day shifts, in fact. But getting a handle on the larger picture will make you feel more secure, and that goes a long way in calming your fear.

The bottom line is this: Cash, in modest increments, has a role in any portfolio. But unless you are Warren Buffett, you should limit it to 2 or 3 percent.

The way to become rich is to put all your eggs in one basket and then watch that basket.

I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.