Ep. 1992: The Enemy Is Us

The biggest drag on an investment portfolio may be the investor. Don and Tom examine the behavior gap—the difference between what investments earn and what people actually keep after fear, greed, overconfidence, and badly timed decisions take their toll. They explain why market timing so often means selling after prices fall and returning only after the recovery is obvious. Missing even a handful of the market's best days can dramatically reduce long-term wealth, while a disciplined plan help...