“when a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.”

Source: The Four Pillars of Investing (2002), Chapter 3, The Market Is Smarter Than You Are, p. 88.

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William J. Bernstein29

economist 1948

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“when a famous investor publishes a newsletter, it's a sure tip-off that his techniques have stopped working.”

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William J. Bernstein29

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