It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

Barry Ritholtz

Barry Ritholtz

Accurately Any Cannot Dependent Doomed Failure Future Going Happen Important Investment Investors Know Learn Markets Next Next Year Plan Possibly Recognize Understand Where Will Year You

Related Quotes

History shows us that people are terrible about guessing what is going to happen - next week, next month, and especially next year.

— Barry Ritholtz

AboutGoingGuessing

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.

— Barry Ritholtz

CorrectlyDependentFinancial

No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly.

— Barry Ritholtz

AssetClassClasses

You can't learn in school what the world is going to do next year.

How do Ferrari know what I'm doing next year when I don't know what I'm doing next week?

— Valentino Rossi

DoingFerrariHow