“Individuals who cannot master their emotions are ill-suited to profit
from the investment process.”
Quote by Benjamin Graham (Father of Value Investing and Warren Buffett's teacher at Columbia Business School)
A study by Dalbar underscores the importance of controlling emotions and avoiding self-destructive investor behavior. From 1992–2011, the average stock fund returned 8.2% annually while the average stock fund investor earned only 3.5%. We call the gap between these results the “investor behavior penalty.” Why have investors historically sacrificed more than half their potential ...
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters