20 Quotes by Burton G. Malkiel

A firm's income statement may be, likened to a bikini-what it reveals is interesting but what it conceals is vital.

I view investing as a method of purchasing assets to gain profit in the form of reasonably predictable income (dividends, interest, or rentals) and /or appreciation over the long term.

put time on your side. Start saving early and save regularly. Live modestly and don't touch the money that's been set aside.

It is the nature of an average that some investors will beat it.

A firm’s income statement may be, likened to a bikini-what it reveals is interesting but what it conceals is vital.

Two-thirds of professionally managed funds are regularly outperformed by a broad capitalization-weighted index fund with equivalent risk, and those that do appear to produce excess returns in one period are not likely to do so in the next. The record of professionals does not suggest that sufficient predictability exists in the stock market to produce exploitable arbitrage opportunities.

It is not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges. It is an obvious lesson, but one frequently ignored.

Nobody knows more than the market.

Protect yourself: Every investor should always diversify.