STREET DOGS

ADVICE on how to get rich, from Forbes’s 2013 investment guide. Ben Stein. “Start young, buy stock index funds in the form of ETFs and reinvest the dividends.”

Leon Black. “Start your career in a place where there is a lot of action, a lot of smart people who understand risk and reward, and work hard. Learn to be patient and opportunistic.”

Burton Malkiel. “The only thing I’m sure of is that the lower the fee I pay to the purveyor of the investment service, the more there is going to be for me. And that’s why index funds work.”

Leon Cooperman. “It takes hard work, a passion for what you do and luck.”

Jack Bogle. “Save early and regularly … and put most of your money in a low-cost stock index fund. That way, you benefit from the magic of compounding returns without having them destroyed or severely eroded by the tyranny of compounding costs.”

Meredith Whitney. “Getting rich starts with having a long-term plan and realistic goals. A lot of people don’t have a plan, and when it comes to picking investments … you need a sound basis for what you buy or own.”

Alexa von Tobel. “The best thing you can do with your money in your 20s is to not make mistakes. The big ones: too much credit card debt and paying bills late. Screw those up and you might not be able to get a mortgage — or a job.”

Dan Ariely. “The key is saving and saving early. The problem is saving is a long-term behaviour and there are almost no behaviours in which we take the longterm future into account: smoking, overeating, unprotected sex.”

Robert Shiller. “Go into finance or a related field. It’s a lifestyle decision. Accountant, auditor, market maker … these are big occupations.”