quote by Harry Markowitz

A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of contingencies.

— Harry Markowitz

Superior Portfolio quotations

To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns rise and fall in near unison afford little protection than the uncertain return of a single security.

I think a portfolio standard should go beyond wind, solar and geothermal energy to include renewable energy like hydropower and clean alternatives such as coal gasification, clean coal, nuclear energy and, finally, credits for achieving new levels of efficiency and conservation.

God never asked us to meet life's pressures and demands on our own terms or by relying upon our own strength. Nor did He demands that we win His favor by assembling an impressive portfolio of good deeds. Instead, He invites us to enter His rest.

If you own a portfolio of stocks, you must learn to sell the worst performers first and keep the best a little longer.


In choosing a portfolio, investors should seek broad diversification, Further, they should understand that equities--and corporate bonds also--involve risk; that markets inevitably fluctuate; and their portfolio should be such that they are willing to ride out the bad as well as the good times.

The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.

Long-term investment success is almost totally a function of how one emotionally handles declines in the equity market, as opposed to how one's portfolio handles them.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.


The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable.

Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

We have military bases all over the world, and that's purely to protect our portfolio abroad.Our investments, and our production, our exploitation of cheap labor and raw materials. We're on the scene to do that, and the military is there to see that it happens.

The most important thing you can have is a good strategic asset allocation mix.

So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.


In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

But, when we started our product portfolio, we focused the mixed signal requirements first for image processing devices and then in audio applications , targeting our technology into the growing use of digital technology in consumer markets.

You have never lost money in stocks over any 20-year period, but you have wiped out half your portfolio in bonds (after inflation). So which is the riskier asset?

A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.

Generally a chef's book is like a calling card or a portfolio to display their personal work.


The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.

Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.

I believe that there should be transparency in pricing, that schools should provide information on what majors translate to what salary outcomes, and that vocational training and technical schools should be a larger part of our education portfolio.

Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs

I will keep a substantial long exposure to gold -- which serves as a Jelly Donut antidote for my portfolio. While I'd love for our leaders to adopt sensible policies that would reduce the tail risks so that I could sell our gold, one nice thing about gold is that it doesn't even have quarterly conference calls.


When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in short, being fooled by randomness.

If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

But often, it's easier to resist temptation with distraction, or to be so inculcated in doing the right thing that it's automatic, outside the frontal cortex's portfolio - Then it isn't the harder thing, it's the only thing you can do.

I don't spend that much time in the studio.

When I first started doing music, I was in the studio every day just trying to build my portfolio. But now, even though I haven't totally mastered my craft, I'm at a pretty high level.

Beta and modern portfolio theory and the like - none of it makes any sense to me.


Portfolios are everything, promises are nothing. Do the work.

The greater the potential for reward in the value portfolio, the less risk there is.

First, I was Bavarian State Minister of Justice, and after the ministries of justice in the various states were dissolved I became Reich Minister without portfolio.

Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.

We know that by simply changing our allocation between stocks and bonds, we can lessen the amount of volatility in our portfolio until we reach our comfortable sleep level.

famous quotes