Resources
ICG Newsletters
December 2022
“If Fears Drives Your Investment Decisions You Are Doomed. You Will Never Have Wealth. Never Make Important Decisions When You’re Influenced By Fear Or
Alcohol” – Donald R. Stanforth, President Investment ConsulƟng Group, Inc.
September 2022
“There are many people who think they want to be matadors (or money managers or traders) only to Įnd themselves in the ring with two thousand pounds of bull bearing down on them, and then discover that what they really wanted was to wear Ɵght pants and hear the crowd roar” – Terry
Pearce, Founder and President of Leadership Communications, b. 1941
June 2022
“Whatever Method You Use To Pick Stocks, Your Ultimate Success Or Failure Will Depend On Your Ability To Ignore The Worries Of The World Long Enough To Allow Your Investments To Succeed. It Isn’t The Head But The Stomach That Determines The Fate Of The Stock Picker” – Peter
Lynch
March 2022
“Any Idiot Can Face A Crisis. It’s This Day To Day Living That Wears You Out” – Anton Chekhov
December 2021
“Washington Is Run By People Who Think There Is A 1% Difference Between 2% Growth and 3% Growth” – George Will
September 2021
“If You Put The Federal Government In Charge Of The Sahara Desert, In 5 Years There’d Be A Shortage Of Sand” – Milton Friedman
June 2021
“There’s Nothing Wrong With Cash. It Gives you Time To Think” – Robert Prechter, Jr. — Elliott Wave Theorist
March 2021
“Money Is A Terrible Master But An Excellent Servant.” – P.T. Barnum
December 2020
“The Worst Crime Against Working People Is A Company That Fails To Make A Profit” – Samuel Gompers
September 2020
“There Is NO One Who Can Replace America. Without American Leadership, There Is NO Leadership. That Puts A Tremendous Burdon On The American People To Do Something Positive. You Cannot Be Tempted By The Usual Nationalism.” – Lee
Hong-Koo, South Korean Prime Minister (NY Times 2/25/2009).
June, 2020
“The Market Will Not Stop Gong Down Until Bad News Doesn’t Move The Market” – Donald Stanforth, President Investment Consulting Group, Inc.
March 31, 2020
“The Exact Wrong Time: If Fear Drives Your Investment Portfolio You Are Financially Doomed. You Will Never Have Investment Success” – Donald Stanforth, President Investment Consulting Group, Inc.
December 31, 2019
“Indexing Is A Naïve Way to Invest A Diversified Portfolio” Mark Schmid C/O University of Chicago Endowment FA 100 Ceremony John Maynard Keynes — British Economist
September 30, 2019
“The Market Can Stay Irrational Longer Than You Can Stay Solvent” John Maynard Keynes — British Economist
June 30, 2019
“It Is Totally Unproductive To Think The World Has Been Unfair To You. Every Tough Stretch Is An Opportunity” Charlie Munger — Vice Chair, Berkshire Hathaway
March 31, 2019
“The Most Important Lesson In Investing Is Humility” Sir John Templeton
December 31, 2018
“If You Spend 15 Minutes Studying The Economy, That Is 10 Minutes Too Much” U.S. Investor Peter Lynch
September 30, 2018
“Risk Can’t Be Quantified. Risk Means That More Things Can Happen Than Will Happen” Howard Marks
June 30, 2018
“Knowledge Born From Actual Experience Is The Answer To Why One Profits; Lack Of It Is The Reason One Loses” Gerald Loeb (EF Hutton)
March 31, 2018
“If You Are Not Willing To Study, If You Are Not Sufficiently Interested To Investigate And Analyze The Stock Market Yourself, Then I Beg Of You To Become An Outright Long-Pull Investor, To Buy Good Stocks, And Hold On To Them; For Otherwise Your Chances Of Success As a Trader Will Be Nil” Humphrey B. Neill
December 31, 2017
“The Most Expensive Mistake Is To Thinking Yourself Smart, When You’re Not” Ross Stanforth
September 30, 2017
“Marx’s Great Achievement Was To Place The System Of Capitalism On The Defensive” Charles A. Madison, 1977
June 30, 2017
“The Loser (Market) Is The Trend Chasing, Comfort Seeking Investor. The Market Doesn’t Reward Comfort, It Rewards Discomfort” Rob Arnott
March 31, 2017
“It Doesn’t Matter What You Do, As Long As You Do It Well. It Does Matter What You Do. You Should Focus Relentlessly On Something You’re Good At Doing, But Before That You Must Think Hard About Whether It Will Be Valuable In The Future” Peter Thiel & Blake Masters
December 31, 2016
“I Never Thought Ethics Was Something That Could Be Formally Taught. I Thought Ethics Was Something You Learned Growing Up At Home, In School, And In Church” Robert Fomon-Chairman, EF Hutton
September 30, 2016
“The Four Horsemen Of The Investment Apocalypse Are Fear, Greed, Hope and Ignorance” James P. O’Shaughnessy-Chairman and CEO at O’Shaughnessy Asset Management
June 30, 2016
“Behavioral Economics/Behavioral Finance Is, Essentially, The Study Of Why Seemingly “Rational” Investors Frequently Make Semmingly “Irrational” Decisoins With Their Money” Carl Richards CFP—Dynasty Financial Partners
March 31, 2016
“If Banking Or Institutions Are Protected By The Taxpaper And They Are Given Free Reign to Speculate, I May Not Live Long Enough To See The Crisis, But My Soul Is Going To Come Back And Haunt You” Paul Volcker—Fed Chair 1979-1987
December 31, 2015
“Lack Of Money Is The Root Of All Evil” George Bernard Shaw
September 30, 2015
“The Inherent Vice of Capitalism Is The Unequal Sharing of the Blessing. The Inherent Blessing of Socialism is the Equal Sharing of Misery” Winston Churchill
June 30, 2015
“It’s Not What You Don’t Know That Gets You in Trouble, But What You Know For Certain That Just Ain’t True” Mark Twain
March 31, 2015
“Expecting A Fund To Beat An Index Every Year Is Just Silly, As Is Expecting An Index Fund To Beat A Good Actively Managed Fund Every Year” Russel Kinnel, Morningstar.com
December 31, 2014
“Management Is Doing Things Right; Leadership Is Doing The Right Thing”
September 30, 2014
“The Greatest Safety Lies In Putting All Your Eggs In One Basket And Watching The Basket” Gerald Loeb—EF Hutton , The Battle for Investment Survival