About two weeks ago there was a big Bogleheads Meeting in Philly.
The amount of brainpower there was ridiculous; panel members included Jack Bogle and William Bernstein.
Wade Pfau, the retirement researcher, took notes based on the comments of the panel members and published them as a series of tweets.
Link with all of them aggregated:
http://wpfau.blogspot.com/2013/10/bogleheads-conference-2013.htmlTo read them in chronological order, start from the bottom of that page and scroll up.
Many insightful gems in there.
Any fan of index funds should read this at least once.
I'm going to post some of my favorites here for reference sake.
Bogle: Investing is about capturing returns provided by corporate America, not on capturing speculative returns from Wall Street expectation.
Bogle: The efficient market hypothesis is overrated, all you need is the cost matters hypothesis, or CMH.
Sauter: Relative investor performance before costs is a zero-sum game. After costs, investor performance relative to markets is a negative sum game.
Sauter: The best indicator for mutual fund performance is: The Expense Ratio.
Allan Roth: Our portfolio is stored energy which allows us to do what we want in life.Ferri: [I use] TIPs as 20% of bond portfolio to hedge unanticipated inflation.
Bernstein: The only black swans are the history you haven't read.
