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So Long, Suckers — I’m Leaving Wall Street Commentary: Some Lessons From 15 Years Observing The Industry

Tuesday, June 19, 2012 - 9:05 PM
Wall Street, like just about everything else, including me, has changed a lot in that time. Also, it hasn’t changed a bit. What follows are 15 takeaways from my time living in New York and covering the financial industry and the markets.

So long, suckers — I’m leaving Wall Street - David Weidner's Writing on the Wall - MarketWatch
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
1. Tuesday, June 19, 2012 - 9:51 PM
Of course, this is why Jack Bogle, years ago (Princeton, 1951, in his thesis) said basically the same things. Folks didn't listen then, they don't listen now. This is why Jack Bogle founded Vanguard. It sometimes seems like I am butting my head against the wall in this forum, but if folks here would obey Bogle's simple rules (diversify, age-in-bonds, low-cost index funds, buy hold and re-balance), they would be ever so much happier as they entered retirement.
BozoBozo137 posts since
Feb 14, 2011
Rep Points: 944