Acres of Diamonds
16 Wall Street Cliches in 60 Seconds
- Be Patient and Think Long-Term
- “The stock market is a device to transfer money from the ‘impatient’ to the ‘patient’.” - Warren Buffett, Chairman, Berkshire Hathaway
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- Keep Your Emotions in Check
- “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw irrational emotion under control.”- Charlie Munger, Vice-Chairman, Berkshire Hathaway
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- “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw irrational emotion under control.”- Charlie Munger, Vice-Chairman, Berkshire Hathaway
- Disregard Short-Term Forecasts
- “The function of economic forecasting is to make astrology look respectable.” - John Kenneth Galbraith, Economist and Author
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- “The function of economic forecasting is to make astrology look respectable.” - John Kenneth Galbraith, Economist and Author
- Make a Habit of Investing Regularly
- “Systematic investing will pay off ultimately, provided that it is adhered to conscientiously and courageously under all market conditions.” - Ben Graham, Father of Value Investing
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- Don't Try to Time the Market
- “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” - Peter Lynch, Legendary Investor and Author The Power of Equities
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- The Power of Equities
- “History has shown that equities are the best way to build long-term wealth.” - Shelby M.C. Davis, Legendary Investor
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- “History has shown that equities are the best way to build long-term wealth.” - Shelby M.C. Davis, Legendary Investor
- Markets Fluctuate. Stay the Course.
- “Individuals who cannot master their emotions are ill-suited to profit from the investment process.” - Ben Graham, Father of Value Investing
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- “Individuals who cannot master their emotions are ill-suited to profit from the investment process.” - Ben Graham, Father of Value Investing
- A Market Correction is an Opportunity
- “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” - Warren Buffett, Chairman, Berkshire Hathaway
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- Equities Have Built Wealth Despite Crises
- History provides crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.” - Shelby M.C. Davis, Legendary Investor
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Lou Melone's Office
Lou Melone, CFP®
Managing Member
248-499-8721
Lou helps clients answer two questions: 1) Do you know exactly how much money it is going to take for you to retire comfortably 2) to remain comfortably retired? As a board CERTIFIED FINANCIAL PLANNER™ professional, Lou provides...
Branden Carney, CFP®
Wealth Planner
248-499-8721
Branden’s career in the financial industry began with Plante Moran Financial Advisors in 2016, after receiving his degree in Finance from the Eli Broad College of Business at Michigan State University. He then moved on to work...
Cindy Vaccarino
Operations Manager
248-499-8721
Cindy's career in the financial industry began shortly after college when she moved to New York to work at Morgan Stanley. Her current role includes overseeing administrative functions including but not limited to: operations, client...
Vito Curcuru
Marketing Consultant
248-499-8721
Vito works as a marketing consultant for Lou Melone's team. His activities include communicating information about financial planning and behavioral investing. He updates the website, manages social media and reviews the data and...
