Rationality Quotes June 2014

Tyrrell_McAllister

Another month, another rationality quotes thread. The rules are:

Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
Do not quote yourself.
Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
No more than 5 quotes per person per monthly thread, please.
Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.

Another month, another rationality quotes thread. The rules are:

Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
Do not quote yourself.
Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
No more than 5 quotes per person per monthly thread, please.
Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.

I have index funds with Vanguard and Fidelity on the S&P 500.

So, in which sense having a long-only portfolio of large-cap US equities is optimal?

since you would likely conclude after lengthy study that yes, one should just buy index funds.

How do you know? Isn't that rather blatantly begging the question..?

How do you know? Isn't that rather blatantly begging the question..?

I have a PhD in economics from the University of Chicago.

So, in which sense having a long-only portfolio of large-cap US equities is optimal?

The S&P 500 is effectively international since big U.S. companies do lots of business in foreign countries. For diversification reasons you might also want to own bonds and invest some in smaller cap stocks.

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