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Don't look for the needle in the haystack. Just buy the haystack.

index-fundssimplicity— Common Sense on Mutual Funds, 1999
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In the fund business, you get what you don't pay for. Costs are the enemy of the investor.

costsfees— Common Sense on Mutual Funds, 1999
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The stock market is a giant distraction from the business of investing.

behaviormarkets— The Little Book of Common Sense Investing, 2007
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If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

riskvolatility— Vanguard Investor Education, 2000
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The miracle of compounding returns is overwhelmed by the tyranny of compounding costs. Never forget that.

compoundingcosts— The Little Book of Common Sense Investing, 2007
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Time is your friend; impulse is your enemy. Stay the course.

behaviorpatience— Vanguard Shareholder Address, 2012