Robert D. Arnott Quotes

#1. The most treasured asset in investment management is a steady hand at the tiller.

Robert D. Arnott

#2. Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.

Robert D. Arnott

#3. Whatever is cheap became cheap by treating us badly in the past, but is priced to deliver superior returns.

Robert D. Arnott

#4. Successful contrarian investing requires us to live with discomfort, for being "wrong" and alone. But bargains do not exist in the absence of fear.

Robert D. Arnott

#5. History teaches that when valuations are extreme, "mean reversion," a move towards historical norms, is likely. Once value stocks turn, the recovery can be fast and intense.

Robert D. Arnott

#6. The best investment opportunities are often scary.

Robert D. Arnott

#7. Design a portfolio you are not likely to trade ... akin to premarital counseling advice; try to build a portfolio that you can live with for a long, long time.

Robert D. Arnott

#8. Many investors prefer comfort, chasing what is popular and loved, rather than pursuing what is out of favor. The markets do not reward comfort.

Robert D. Arnott

#9. Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.

Robert D. Arnott