Hersh Shefrin quotes

“Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser.”
-- Hersh Shefrin

#Regret Quotes #Decision Quotes #Credit Quotes

“Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events that occurred to have been more predictable before the fact than was actually the case.”
-- Hersh Shefrin

Source : Hersh Shefrin (2000). “Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing”, p.110, Oxford University Press

#Past Quotes #Reality Quotes #People Quotes

“Never do today what you can do tomorrow. Something may occur to make you regret your premature action.”

Source : "Wit and Humor of Bench and Bar". Book by Marshall Brown, 1899.

“One must always regret that law of growth which renders necessary that kittens should spoil into demure cats, and bright, joyous school-girls develop into the spiritless, crystallized beings denominated young ladies.”

“Who that has plodded on to middle age would take back upon his shoulders ten of the vanished years, with their mingled pleasures and pains? Who would return to the youth he is forever pretending to regret?”

“In this age, in this country, public sentiment is everything. With it, nothing can fail; against it, nothing can succeed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions.”

“Money coming in says I've made the right marketing decisions”

“You don't realize how much you use your credit card not even to buy things. It's a card you get so you can navigate society.”

“Deciding whether to trust or credit a person is always an uncertain task.”

Source : Letter from his cell at the Allenwood Federal Penitentiary to Stephen Aftergood of the Federation of American Scientists, November 2000; cited on the FAS website. Ames, you see, was not at fault; it was those who trusted him.

“CREDIT supposes specific and permanent funds for the punctual payment of interest, with a moral certainty of a final redemption of the principal.”

“Some of you may remember me as the 'Doritos Girl' from that Super Bowl commercial a while back, but I've been lucky enough to have gotten a few more credits under my belt since then!”

Source : Source: www.hbook.com

“All gardeners need to know when to accept something wonderful and unexpected, taking no credit except for letting it be.”