史上最好的20条投资建议英文版

史上最好的20条投资建议 The Best Investment Advice Of All Time【英文版】

（排名不分先后）

1. Jack Bogle

Founder, Vanguard

Indispensible Wisdom: It's the fees, stupid

Nicknames: Jack, Saint Jack (used by supporters and detractors alike)

Money Quote: "Don't let the miracle of long-term compounding of returns be overwhelmed by the tyranny of long-term compounding of costs."

Fundamentals: When he launched the first retail stock index fund, the Vanguard 500, in 1976, it was derided by some as "Bogle's Folly." But thanks to a 1996 heart transplant, Bogle has lived to see widespread acceptance of his disruptive idea--that since you can't beat the market, low costs

are all that matter. The Vanguard Group is now the world's largest mutual fund family, with USD

2.6 trillion under management.

Invest Like Bogle: Allocate between Vanguard Total Stock Market Index and Vanguard Total Bond Market Index according to your age and risk tolerance. Automate your contributions, and stop thinking about stocks. You have better things to do.

2. Sir John Templeton

1912-2008

Founder, Templeton Funds

Indispensable wisdom:

Buy at the point of maximum pessimism; sell at the point of maximum

optimism

Money quote: "If you buy the same securities everyone else is buying, you will have the same results as everyone else."

Fundamentals: Templeton, a committed contrarian, believed the only way to get a bargain in the stock market was to buy when everyone else was selling: At the outbreak of World War II, when everyone else was panicking, he bought shares in every NYSE-listed company that was trading for less than 1 dollar--and made money on nearly all of them.

He was early to see the benefits of diversifying outside of America; international investing became his signature style. It worked : USD 10,000 invested in his flagship fund in 1954 grew into $2 million by the time Templeton retired in 1992.

Invest Like Templeton: The Templeton Growth Fund continues to employ Sir John's strategies and has averaged an 18.3% return over the last five years.

3. Warren Buffett

Age: 83

Chairman and CEO, Berkshire Hathaway

Indispensible Wisdom:

Only invest in what you understand and at the right price

Nickname: Oracle of Omaha

Bestseller: Berkshire's annual letter to shareholders

Money Quote: "Whether socks or stocks, I like buying quality merchandise when it is marked down."

Fundamentals: Buffett's mentor, Ben Graham, taught his disciples that you weren't buying stocks, you were buying businesses. And sometimes "Mr. Market" was willing to sell those businesses for less than they were really worth. That was the signal to buy. Buffett has adhered to this value-investing philosophy since the 1950s, and it's the basis of his $65 billion fortune. Some big hits: American Express, Disney, Washington Post, Capital Cities/ABC, Coca-Cola and Geico.

Invest Like Buffett: Why not just buy Berkshire Hathaway and have Warren invest for you? The "Baby Berkshire" B shares, at $126, are more accessible than the USD 190,000 A shares.

4. Nathan Mayer Rothschild

1777-1836

Founder, N.M. Rothschild & Sons

Indispensable Wisdon: Information is money

Crystal Ball Cred: Thanks to his extensive network of carrier pigeons Rothschild knew that England had defeated France at Waterloo before anyone else in London. As other traders on the stock exchange braced for a British loss, he went long.

Fundamentals: Rothschild's father planted the seeds for the 19th century's greatest banking empire by stationing each of his five sons in different European cities. Nathan got London, but throughout his career he was able to profit from the insights of his brothers in Frankfurt, Paris, Naples and Vienna.

Invest Like Rothschild: Tap into groups with their fingers on the pulse. Consider shares in high-yielding private equity firms like Blackstone Group, Apollo Global Management, Kohlberg Kravis Roberts and Carlyle Group。