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A fast food job, for most people, should be an entry level position. If you see no path for advancement beyond that, it's time to take a real fast look at your human capital and learn a skill that will make you more money.

William J. Bernstein

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William J. Bernstein
Age: 76
Born: 1948
Born: January 1
Author
Chemist
Economist
Neurologist
Writer
Take
Path
Capital
Real
Learn
Fast
Make
Jobs
Skills
Time
Money
Level
People
Look
Beyond
Human
Levels
Entry
Humans
Position
Advancement
Looks
Food
Skill

More quotes by William J. Bernstein

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For the taxable investor, indexing means never having to say you're sorry.
William J. Bernstein
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It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.
William J. Bernstein
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You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.
William J. Bernstein
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You have to ask yourself, what are the things that matter to you most in your life? If you have to have a latte every day that'snice to have right now, but if you take that latte every day right now, you may wind up eating cat food when you are 70. And you have to decide which is worse.
William J. Bernstein
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99% of fund managers demonstrate no evidence of skill whatsoever.
William J. Bernstein
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If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.
William J. Bernstein
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The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.
William J. Bernstein
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No one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they think nothing of managing their retirement assets. I've done all three, and I'm here to tell you that managing money is, in its most critical elements even more demanding than the first two.
William J. Bernstein
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Mutual fund manager performance does not persist and the return of stock picking is zero.
William J. Bernstein
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Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.
William J. Bernstein
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The deeper one delves, the worse things look for actively managed funds.
William J. Bernstein
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Do the math. Expect catastrophes. Whatever happens, stay the course.
William J. Bernstein
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The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.
William J. Bernstein
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The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.
William J. Bernstein
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Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.
William J. Bernstein
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The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.
William J. Bernstein
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Investment success accrues not so much to the brilliant as to the disciplined.
William J. Bernstein
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The definition of investment is the deferring ofpresent consumption for future consumption. So, you dohave to be willing to defer. And there are a couple of tricks that you can use to save money. One of them is simply to pay yourself first.
William J. Bernstein
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There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.
William J. Bernstein
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The essence of effective portfolio construction is the use of a large number of poorly correlated assets.
William J. Bernstein