Quotes of the Day

For a retired or soon-to-be-retired client, we might suggest a 60/40 (stocks/bonds) portfolio only if that portfolio is very, very well-diversified with different kinds of stocks and bonds, and the client has at least two years of living expenses in cash and near-cash (short-term GICs, high-quality and very short-term bonds). But in most cases, we'd prefer to see a 50/50 portfolio. [2013] - Russell Wild

An underachieving employee will many times try to convince you that it is the models or systems that are wrong and not her behavior. You have to remember that you are judging results and not people. [2004] - Gary Keller

Except for 100-percent-certified purely social gatherings, there is usually a reason for a get-together. Look at the big picture and figure out whether you should be up front or in the background. When conversation turns to the raison d'etre, unless you are relevant to it, smile--with sealed lips. [2009] - Leil Lowndes

The average investor ends up with a comparatively puny portfolio compared with the disciplined investor who puts in the same amount of money every month into index funds. By adding equal dollar sums to their index each month, the investors would have bought a great number of units when the markets were low and fewer units when the market rose. This allowed them to pay a below-average price over time [2017] - Andrew Hallam

Cacao can boost good bacteria while controlling bad bacteria, and it may even help correct disruptions to the microbiome caused by chronic stress. For stressed-out individuals, eating dark chocolate for only two weeks can influence gut bacteria and reduce stress markers in the body. [2019] - William W Li