Investors should pay attention to what they own, not simply to the overall return of their portfolio.

Investors
David F. Swensen
Yale's CIO for 36 years, Swensen grew the endowment from $1.3B to $31.2B at 12.4% annual returns. He pioneered the Yale Model of alternative-asset allocation while championing index funds for individual investors.
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David F. Swensen's Other Quotes
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Know what you own, and know why you own it.
-- Peter Lynch
Invest in what you know.
-- Peter Lynch
You can't predict. You can prepare.
-- Howard Marks
The most important thing is being attentive to cycles.
-- Howard Marks
The most important investment decision you will make is how to allocate your assets.
-- David F. Swensen
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
-- George Soros