Watch and learn ~ - D. H. If you block me your mom will die a horrible death
Joined February 2021
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DatuuNoon retweeted
Everyone talks about long-term investing, but few people actually do it.
The biggest reason for underperformance both with retail as well as professional fund managers.
Investors unconsciously optimize for 1-year returns instead of 10-year returns...
Great read by Mauboussin.
DatuuNoon retweeted
"A study from Fidelity analysed the performance of accounts to determine which type of investors received the best returns. Over a ten-year period, the clients that did the best were the ones who were dead and the second-best group were clients who had forgotten they had investments!"馃槀
DatuuNoon retweeted
The stock market is a triumph of human progress and ingenuity. You pay ~$0 in costs to have an ownership stake in the business of a ton of multinational corporations while you sit in your bathroom, and when you die in that bathroom, the ownership passes to your heirs.
