23 Quotes by James O'Shaughnessy

We believe that people moving their portfolios to an overweight in bonds will be disappointed over the long-term and will significantly underperform an asset allocation that over-weights equities.

Momentum as a selection criteria works very well. My data suggests that you don't want to focus on laggards, even after they've turned the corner,

Historically, we have always seen reversion to the mean. After stocks have had an unusually great 10 or 20 years, they typically turn in subpar results over the next 10 or 20, and after bad 10- to 20-year stretches, the next 10 to 20 tend to be above average.

I tell people to design their ideal life. What do you want to do? What do you want to be? ... Sit down, add up your expenses, write out your life.

You'll get nowhere buying stocks just because they have a great story.

We continue to advise that investors remain committed to a patient, long-term outlook and that the best way to do well in stocks is to use a disciplined, time-tested strategy that has the benefit of empirically tested results over a variety of market environments.

Tip number one is you have to start saving immediately,

Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.

The model never varies. It never has an ego problem; it never has a fight with its spouse; it never wants to prove that it's right. The model is never hung-over after a night of partying -- it just does the same thing, time and time again. Very boring, very profitable.