• Steve Martin

Your Investing Behavior Costs You Plenty – NYTimes.com

Investor behavior matters a lot. In fact, it probably matters more than skill. To understand why this is true, first you need to understand one fundamental concept: Investment returns and investor returns are almost always different.

An investment return is what you get if you invest your money at the start of a period and then don’t touch it. You don’t buy or sell. You just buy and hold. But real people in the real world don’t invest that way.

Read the complete article here …

via Your Investing Behavior Costs You Plenty – NYTimes.com.

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