The great Yogi Berra was probably one of the most quoted individuals of our time. His blend of wit and common sense turned out to be applicable to so many situations–including, it turns out, the world of finance. As a financial advisor, I often used ‘Yogi-isms’ to help articulate important financial concepts to clients.
1. “When you come to the fork in the road, take it.”
Financial concept: Diversify. No one path leads to investment success.
2. “It’s like déjà vu all over again.”
Financial concept: Expect volatility. Market gyrations are nothing new; don’t let them freak you out.
3. “I knew the record would stand until it was broken.”
Financial concept: Ignore hyperbolic headlines. Things are never as good or as bad as today’s headlines suggest.