You've probably heard Einstein's definition of insanity...doing the same thing over and over again and expecting different results.
Seems that the majority of sophisticated institutional investors as well as individual investors could be deemed insane by Einstein's definition. Seems like most people are looking for the money manager with the "hot" hand. This usually ends up with very disappointing results. Yet, investors continue the same process over and over again.
Listen to this short video were Larry Swedroe discusses this phenomenon.
When will investors wise up and realize past performance can't be relied upon to predict future results. Instead, learn how to harness the power of the market and capture global market returns with a cost efficient portfolio at a risk tolerance that's appropriate for you. Nothing insane about that!
Financial Abundance, Inc.
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