TellTale Chapter 26

if you cannot spare the time or summon theinterest to do it yourself, there’s no reason to feel any shame in hiringsomeone to pick stocks or mutual funds for you. But there’s oneresponsibility that you must never delegate. You, and no one but you,must investigate (before you hand over your money) whether anadviser is trustworthy…

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TellTale Chapter 24: Asset Allocation

We recommended that the investor divide his holdings betweenhigh-grade bonds and leading common stocks; that the proportionheld in bonds be never less than 25% or more than 75%, with theconverse being necessarily true for the common-stock component;that his simplest choice would be to maintain a 50–50 proportionbetween the two, with adjustments to restore the equality…

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Chapter 23: Unless you are willing to focus on it everyday, Index Funds are the way to go

If you have neither the time nor the inclination to do quality research on your investments, then investing in an index is a good alternative. Graham said that the defensive investor could get an average return by simply buying the 30 stocks of the Dow Jones Industrial Average in equal amounts. Both Graham and Buffett said that getting even an average…

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