20 timeless money rules

Money Magazine collected the best advice from some of the smartest investors (and other people) who have ever lived.

Be humble
1. Be humble
When you do not know a thing, to allow that you do not know it--this is knowledge.

Investing is a big bet on an unknowable future. The mark of wisdom is accepting just how unknowable it is. Granted, that's not easy. Our brains are built to think the future will be like the near past. And we're too ready to act on the predictions of pundits, who are no more clued in than we are about what lies ahead.

Being humble in the face of uncertainty keeps you from costly mistakes. You won't jump on yesterday's bandwagon. And before you invest, you'll be more likely to ask a key question: "What if I'm wrong?"


Friedrich von Schiller

Benjamin Franklin

Miguel de Cervantes

Gary Brinson, Brian Singer and Gilbert Beebower

Warren Buffett

Edwin Lefevre

Peter Lynch

Jack Bogle

Coco Chanel

Warren Buffett

St. Augustine

Harry Truman

Eleanor Roosevelt

John Kenneth Galbraith

Stanley Kunitz

Pablo Picasso

John Maynard Keynes

Martin Luther King Jr.

Jonathan Swift
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