QOTD: Retail Investor Errors

Great comment:

“It’s because of two mistakes that retail investors make—one is trying to time the market and the other is chasing the performance of a manager. The retail investor performance in mutual funds is 600 basis points lower—six percentage points lower—than the mutual fund itself.”

Thomas Brown, Second Curve Capital, Bloomberg Surveillance, 21 February 2012.
Econochat

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