"It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market."

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Source : William J. Bernstein (2002). “The Four Pillars of Investing”, McGraw Hill Professional

William J. Bernstein

#Running Quotes #Eggs Quotes #Risk Quotes