Notes: Buy & Hold, don't do something, just stand there!
Notes: If you're smart enough to reduce your allocation to stocks & increase your allocation to bonds, someone else is doing the opposite!
Notes: The BEST LONG TERM STRATEGY IS 100% EQUITIES. But you have to handle the bumps. 100% leveraged 2:1 or 3:1 is even better. But you have to handle the bumps! ... 6:20 Traders are trading back and forth trying to prove we're smarter.
Notes: Warren Buffett is a huge supporter of index funds. 7:25 - Ben Graham would be an indexer.
Notes: Stocks/Bonds, it's a closed universe. 8:30 non-indexers are not satisfied owning the index. Gotrocks family. BASICALLY: You do best if you own the whole market, don't start thinking you can pick and choose winners! You will lose!
Notes: Bogle & Buffett get along because the approach of indexing gives you Cost and Tax efficiency and Diversification! ... don't gamble on "rifle shots" (single stocks like eastman kodak). don't gamble on active management.
Notes: Let me say this, indexing is extremely boring but extremely rewarding. Don't peek all your life, keep investing in VTSAX and when you turn 70 make sure to haev a cardiologist nearby when you open up your statement.