vanguard australia share index vs lics, page-7

Bogle is legendry no doubt. So was Carret and Fisher who's ideas are so relevant today as they were when they were written.

I think Carret summed it up perfectly when he said (and mind you from a guy who Warren used to listen to) that he does not know when to get in and out of the markets so hes always fully invested.
Having the 'inevitables' is important Knowing "what" to buy more importantly than "when" is fundamental. Consistancy is the key. Adding to the consistant principles is a must. Aui, Bhp, Tol, et al...