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New York Yankee Hall of Fame catcher Yogi Berra passed away yesterday from natural causes in his home in New Jersey yesterday. He was 90 years old.
The legendary three-time MVP award winner appeared in the most World Series of any player (14) and was one of 100 players named to the Major League Baseball's All Century Team in 1999. But he's also remembered for his colorful wit and malapropisms.
While such famous phrases like "“It ain’t over ’til it’s over" and "“It’s deja vu all over again," have claimed a place in the zeitgeist, some of his other less-famous musings actually make for good financial advice. Consider the following.
“We made too many wrong mistakes"
Investors have this nasty habit of buying high and selling low, and as a result have barely beaten inflation over the past 20 years. Ideally you'd want to build a low-cost, diversified portfolio, which you can do with only three of Money's recommended list of mutual and exchange-traded funds. You could also just purchase a target-date fund from Vanguard or T. Rowe price that will allocate the amount of stocks and bonds you hold. Of course, you would have been better off over the past 20 years just holding Treasuries. The bottom line: limit your incorrect errors.
“The future ain’t what it used to be”
We live in a strange world today. Interest rates are at zero, China is struggling and stock brokers throw a fit even when the Federal Reserve maintains an accommodative stance. While it's important to dedicate yourself to a buy-and-hold portfolio, get ready for some rocky times. Investment firm GMO thinks timber, a renewable commodity that's tied to housing and economic growth, will beat stocks and bonds over the next seven years. You can invest in this asset easily through ETFs such as Guggenheim Timber (CUT) and iShares Global Timber and Forestry (WOOD).
“A nickel ain’t worth a dime anymore”
You're right to worry that inflation can chip away at your savings and retirement income. But one reason why the Fed has kept interest rates low is that prices have failed to increase as fast as the central bank wants. One area where this really hurts Americans is wage growth, which has been sluggish ever since the Great Recession. While big ticket items such as college tuition and health insurance premiums keep rising, your paycheck isn't really keeping up.
Read Next: Unsolicited Financial Advise for Empire's Cookie Lyon
FAQs
Besides often speaking in rhyme, Yogi Bear had a number of catchphrases, including his famous chant of excitement and greeting ("Hey, Hey, Hey"), his pet name for picnic baskets ("pic-a-nic baskets"), and his favorite self-promotion ("I'm smarter than the av-er-age bear!"), although he often overestimates his own ...
What is Yogi Bear famous for saying? ›
Besides often speaking in rhyme, Yogi Bear had a number of catchphrases, including his famous chant of excitement and greeting ("Hey, Hey, Hey"), his pet name for picnic baskets ("pic-a-nic baskets"), and his favorite self-promotion ("I'm smarter than the av-er-age bear!"), although he often overestimates his own ...
What did Yogi Berra say about pizza? ›
“You better cut the pizza in four pieces because I'm not hungry enough to eat six.”
What did Yogi Berra say about the fork in the road? ›
“When you come to a fork in the road, take it.”
While giving directions to his best friend Joe Garagiola to his house in Montclair, Yogi told Joe to take the fork. The fork was unique in that no matter which direction you chose, you would end up at Yogi and Carmen's house.
What did Yogi Berra say about predicting the future? ›
A quote attributed to many people, from the Nobel prize-winning Quantum physicist Niels Bohr to legendary baseball player (and philosopher) Yogi Berra states: "It is difficult to make predictions, especially about the future." As though any other prediction would matter; but this is exactly what parents want when they ...
What were Yogi catchphrases? ›
Top 10 Yogi-isms
- 3. "
- 4. " ...
- 5. " You can observe a lot just by watching."
- 6. " Nobody goes there anymore. ...
- 7. " We made too many wrong mistakes."
- 8. " The future ain't what it used to be."
- 9. " You better cut the pizza in four pieces because I'm not hungry enough to eat six."
- "It's like deja vu all over again."
Yogi Berra Quotes
You should always go to other people's funerals; otherwise, they won't come to yours.
What is Yogi Berra famous for? ›
One of baseball's greatest characters and catchers. The World War II veteran and 13-time World Series champion (10 as a player, 3 as a coach) was described by Casey Stengel as “a very strange fellow of very remarkable abilities.”
What is yogiism? ›
Yogiism (plural Yogiisms) A malapropism of the kind characteristic of "Yogi" Berra (born 1925), American baseball player and manager.
What is the Danish proverb for predicting the future? ›
“Prediction,” goes an old Danish proverb, “is hazardous, especially about the future.” For the Canadian economy the hazard is especially great.
Scriven's paradox of predictability arises from the combination of two ideas: first, that everything in a deterministic universe is, in principle, predictable; second, that it is possible to create a system that falsifies any prediction that is made of it.
Who said the best way to predict your future? ›
One of my favorite quotes is attributed to Abraham Lincoln and Peter Drucker, “the best way to predict the future is to create it.” I've shared these words with graduates during commencement, with faculty and staff members during meetings, and once again it rings true, as we reflect on the accomplishments of 2016 and ...
What is the bear slogan? ›
Fire ecology
Although the goal of reducing human-caused wildfires has never changed, the tagline of the Smokey Bear campaign was adjusted in the 2000s, from "Only you can prevent forest fires" to "Only you can prevent wildfires".
What is the meaning of Yogi Bear? ›
/ˌjəʊɡi ˈbeə(r)/ /ˌjəʊɡi ˈber/ a US television cartoon character created in 1958 by Hanna and Barbera. Yogi is a cheerful bear who wears a flat hat and white collar and lives in Jellystone National Park with his small bear friend Boo Boo.
Why was Yogi Bear popular? ›
Perhaps one of the reasons Yogi was so popular is that he was so mischievous. He loved the humans who came to Jellystone Park; he especially liked their picnic (which he called pic-a-nic) baskets which he was always stealing in order to eat the contents.
