The Psychology of Long-Term InvestingRead More »
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The Psychology of Long-Term Investing
Views: 161 2026-05-05 The market does not beat most investors. Most investors beat themselves. Every year, researchers produce fresh evidence of a paradox that has persisted for decades: the average investor earns significantly less than the average investment. The funds they hold perform reasonably well. The people holding them do not. The gap between what markets return and what investors actually capture is not explained by fees alone, nor by bad luck, nor by insufficient access to information. It is explained, in large part, by the way human minds were built — and by how poorly that design suits the …
