Rob Arnott on the Biden proposed $1.9 billion stimulus package

Words matter.  Applying the word stimulus to spending large quantities of money on a fiscal basis that we don't already have, creating new money from the central bank, it all feels good.  Stimulus, think of it as a little bit like heroin.  I've heard that heroin feels good.  But it doesn't do you a lot of good long-term.

~ Rob Arnott, Yahoo Finance interview, 0:45 mark, January 25, 2021

Rob Arnott on the Greater Fool Theory

People buying bubble assets will make money until they don't.  If they don't have a view of what will it take for me to say, "OK, enough already, I'm going to get out," then they are doomed to ride the roller coaster over the top and down.  So without a sell discipline, buying bubble assets is insanely stupid.

~ Rob Arnott, Research Affiliates co-founder, Bloomberg's What Goes Up podcast, July 27, 2020

Rob Arnott on investing

There's no such thing as a bargain in the absence of fear.

~ Rob Arnott, Research Affiliates, Grant's podcast, June 21, 2019