ICG Newsletters

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,

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

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