We feel like bystanders in our own financial lives—almost as if we were spectators at a racetrack equally incapable of stopping an impending car crash and of tearing our eyes away from it.
In the short run, it always feels better to be a buyer when the market is euphoric; in the long run, the investors who make the most money are those who buy when the market is miserable. For investors full of anger and fear, however, benign neglect might be the best they can muster
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