Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

13 of 40
BACK NEXT
Ignore the noise
Abby Joseph Cohen
Senior investment strategist, Goldman Sachs

The best advice I was given was to "ignore the noise." Financial markets are, by nature, volatile and messy. Successful long-term investing emphasizes the fundamental underpinnings of the economy and companies. These building blocks rarely shift quickly, although market prices can change frequently and dramatically even during the course of a single trading session.

Wise investors make their decisions based on a few essential elements and are not easily deterred by market gyrations. But wise investors are also willing to adjust their views when the critical variables shift or do not play out as expected. The source of this advice was my father, Raymond Joseph.

NEXT: What I learned from Commodore Vanderbilt

Last updated July 22 2008: 11:27 AM ET
More Galleries
14 awesome toys for the holiday wish list From a DIY Star Wars Droid to a new Hatchimals toy and interactive Fingerlings, these products are worthy of a coveted spot on holiday wish lists. More
11 tasty treats to bring back from a business trip Nothing is as crowd-pleasing or pragmatic as edible souvenirs. We've found foodie gifts that are both delicious and distinguished in 11 popular business destinations. More
15 women who founded $1 billion startups Meet 15 women behind some of the world's hottest startups. More

Special Offer