William J. Bernstein Quote

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.


Introduction, p. ix. - The Four Pillars of Investing (2002)


The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.