Nearly 10 years ago, CNN offered an article titled The smartest advice I ever got, From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned. It made an impression on me, both for the range of people that were quoted, but also, for the fact that each quote came with its own personal narrative from the person interviewed. I offer the headlines here, just the quotes, and invite you to visit CNN to read the full narrative.
- Stocks build wealth – with no work (Bill Miller)
- Don’t follow the herd (Robert Shiller)
- Do what you love (Dean Kamen)
- Know where your money goes (Derek Jeter)
- What I learned from Andrew Carnegie (Mellody Hobson)
- Study Warren Buffett (Whitney Tilson)
- Leave your money alone (Susan Byrne)
- Be frugal but not stingy (Meir Statman)
- Use small bills (Roy Blount Jr.)
- Swear off debt (Elizabeth Gilbert)
- To excel at something, immerse yourself (Ed Slott)
- Create your own opportunities (Bobbi Brown)
- Ignore the noise (Abby Joesph Cohen)
- What I learned from Commodore Vanderbilt (John Steele Gordon)
- Money doesn’t make you happy (Craig Newmark)
- What I learned from Rodney Dangerfield (Christopher Allman)
- What I learned from Horace (John Bogle)
- Don’t get too good at the wrong stuff (Tim Ferriss)
- Live within your means (Olivia S Mitchell)
- You can’t reliably beat the market (William Bernstein)
- Take risks when you can (Chris Larsen)
- Tap the power of compounding (Robert Frank)
- You can’t fight the market, so join it (Lawrence Siegel)
- Don’t save too much (Steven Levitt)
- Buy low, sell high (David Herro)
- It’s hard to exploit a trend (Gus Sauter)
- Know what risk you are taking (Dan Fuss)
- Performance is random (Nassim Taleb)
- Stick with what you know (Richard Weiss)
- You don’t know more than the market knows (David Laibson)
- The less you pay, the more you keep (Burton Malkiel)
- What I learned from Ben Graham (Jean-Marie Eveillard)
- Always get it in writing (Dave Barry)
- Be humble about what you don’t know (Richard Branson)
- Develop a healthy skepticism (Ed Zore)
- Ignore short-term market swings (Christopher Brown)
- Sell for the right reason (Don Phillips)
- Careful of people you trust (Scott Adams)
- What I learned from J.P. Morgan (Bill Gross)
- What I learned from Johnny Carson (Bill Nygren)