William J. Bernstein Quote

when a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.


Chapter 3, The Market Is Smarter Than You Are, p. 88. - The Four Pillars of Investing (2002)


When a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.

When a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.

When a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.

When a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.