Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Interesting interview from MarketWatch
Old 01-05-2007, 11:44 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,971
Interesting interview from MarketWatch

MarketWatch: What's the secret of the Aronson Family Portfolio's success?

Aronson: It is so simple. Everybody thinks there's more to it. The gist of the portfolio includes three elements:

1. Keep costs down. That means Vanguard; it's cheap.
2. Diversify. That means index funds, which are broadly diversified in themselves, and satisfy Rule No. 1.
3. Take risks intelligently. That has two manifestations: One, don't be shy to own stuff that people construe as risky -- emerging markets, international, small cap. Whatever it may be, consider it part of your universe. And two, the single most difficult thing investors have to do is the intelligent part.

What does 'intelligent' mean? It means do the opposite of conventional wisdom. Sway against the wind. It's common sense, and it is so hard to implement. Behavioral issues are key; you have to recognize the faults we come programmed with as investors. We're driven to do the worst thing. So you buy the hot stock at the high, you sell the cold stock at the low.
This guy makes a lot of sense to me.
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Burton Malkiel interview on US News and World report magellan_nh FIRE and Money 0 01-08-2007 02:02 PM
Working for a Mega Corp sounds interesting, am I nuts? saluki9 Young Dreamers 45 07-03-2006 10:59 AM
Interesting new "loan" site Olav23 FIRE and Money 14 02-07-2006 07:03 PM
Interesting Article - Risk vs. Reward grumpy FIRE and Money 2 05-06-2005 11:29 AM
Heard an Interesting Interview on SS today........ Cut-Throat FIRE and Money 36 09-09-2004 10:07 AM


All times are GMT -6. The time now is 04:27 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.