Mark Hulbert Quotations

I wouldn't think that used car salesmen have any more of a monopoly on misleading claims than financial advisers, ... My advice is don't believe anybody.

There are so many charlatans out there who are passing themselves off as respectable investment advisers, ... The only way to protect yourself is to not believe anybody.

You are either long or short. There is no such thing as a hold.

We are really proud of the home. It was a lot of hard work, but I think it came together nicely.

The original Dogs of the Dow strategy is actually not a bad one. It has discipline, it's simple, and if you stick with it and don't tinker with it, you'll end up with a diversified portfolio that should do well.

Anyone who thought analysts are totally objective gets what they deserve. Everyone knows it's going on.

I'm looking at what (the newsletters) recommend and I assume investors are, too,

In the right hands either method can work, and in the wrong hands either method can fail.

If you were to say the Prudent Speculator has beat all mutual funds in the past 25 years, it sounds better than saying he beat other newsletters, though it's roughly the same thing,

Index funds are the only rational alternative for almost all mutual fund investors.

Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.

It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to grow wealth." And he said that those who still insist on an actively managed fund are almost certainly "deluding themselves.

These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.