There is one overlooked difference between professional investors like fund managers and individual investors: Individual investors don’t have to look at their portfolios every day. If you look at your portfolio too often the temptation grows to sell your winners and stick to your losers. Exactly the opposite of what you should do from a performance perspective.
The “I love me”-effect
The “I love me”-effect
The “I love me”-effect
There is one overlooked difference between professional investors like fund managers and individual investors: Individual investors don’t have to look at their portfolios every day. If you look at your portfolio too often the temptation grows to sell your winners and stick to your losers. Exactly the opposite of what you should do from a performance perspective.