Skip to main content

Fun With Strikethroughs: Wall Street Maxim Edition

  • The time to buy is when there’s blood in the streets always, provided you are still saving
  • Sell in May and go away if you need some liquidity or when periodically rebalancing your portfolio
  • Don’t let the tax tail your brain wag the investment dog your money (and vice versa)
  • Don’t fight spend too much time worrying about the Fed any central bank
  • As goes January, so goes the year nothing
  • There’s no Diversification is the only free lunch in investing
  • Bulls make money are right more often than they’re wrong, bears make money are wrong more often than they’re right, and pigs get slaughtered get interviewed on CNBC
  • There’s always a bull market uncertainty somewhere everywhere – get used to it
  • Time The Trend is Your Friend
  • Buy the rumor what’s cheap and unloved, sell the news what’s expensive and dear
  • Invest in what you know broadly and understand the limitations of what you “know”
  • This time Every time is different (but you won’t know how different until after the fact)

About the author

Phil Huber, CFA, CFP®

Phil is the Head of Portfolio Solutions for Cliffwater, a leading alternative investment adviser and fund manager. Prior to joining Cliffwater in 2024, Phil was the Chief Investment Officer for Savant Wealth Management, a multi-billion dollar wealth management firm. Phil has been involved in the financial services industry since 2007. He earned a bachelor’s degree in finance from the Kelley School of Business at Indiana University. He is a member of the CFA Society of Chicago. More about me here. Twitter: @bpsandpieces

Get on the List!

Sign up to receive the latest insights from Phil Huber directly to your inbox.