John Nersesian Quotations

When we speak with leading advisors, those that really take their practice seriously, the really good ones do have client advisory boards. They are willing to spend the time and effort to embrace other methods or practices.

Rebalancing forces the investor to do what is typically emotionally uncomfortable but financially productive. Emotional biases tempt us to chase performance. An advisor can bring an objective third party perspective that's more rational.

Rebalancing doesn't work every time. It works over time.

Perhaps the price of comfort is that life passes more rapidly. But for anyone who has lived in uneasiness, even for a short, memorable duration, it's a trade-off that will gladly be made.

The masses-I love em-they rush for red lights, risking everything to capture a few seconds, only to get home and waste their lives.

Although I didn't write myself off as a complete failure, all illusion and romance was gone. I was no longer able to inflate myself; I had disappointed my own expectations and was genuinely worried about dying in the streets.

When I was in my teens, I made an appraisal of how comfortable my life could turn out when I became the age I am now. Because of a mechanical failure, the prediction was inexact.

Is it so wrong to just live life and enjoy it? Between fun and function, why must we choose the latter?

As the components of your life are stripped away, after all the ambitions and hopes vaporize, you reach a self-reflective starkness-- the repetitious plucking of a single overwound string.

If I want to build wealth to transfer to the next generation, I can let it grow on a tax-free basis.

Stressful jobs, loveless marriages, bad food-most people kill themselves slowly every day.

I lay in bed and watched moments break into phenomenal particles of panic and could actually see the divine crack of God’s ass as he completely turned his back on me.

We think the concern is well-founded, and that's not based on a prediction that inflation will be higher in the future, but we find that the impact of inflation is often underestimated in the planning process. Small numbers have a big impact over longer-term horizons.

Congress can address that dilemma, or growing probability of AMT exposure, by passing legislation that retroactively reduces that bite, and it would probably be as simple as maintaining or increasing the exemption amount.

The REIT market is liquid, there are low transaction costs in terms of getting in and out, and you avoid the maintenance headaches of ownership (while maintaining exposure to an asset class) that could perform well in theory should inflation go up.

It's the emotional vs. the rational or logical. In many instances, people view these balances as found money, but there are few instances when cashing out makes sense.

The goal isn't for the advisor to divorce him or herself from the brand, but rather to go beyond it.

The first question I ask an advisor is, 'What are you saying now when someone asks you what you do?' Oftentimes the advisor says: 'I am a vice president with x brokerage.' This is too generic, and it's not client-centric.