and because of that the people with better strategies will accumulate a much larger share of the market.
Most investors have poor returns because they defer to their self-defeating cognitive biases, they don't take the time to understand investing, and they often naively believe they have a simple "system" which will outsmart the market.
http://www.businessinsider.com/forgetful-investors-performed...
and because of that the people with better strategies will accumulate a much larger share of the market.
Most investors have poor returns because they defer to their self-defeating cognitive biases, they don't take the time to understand investing, and they often naively believe they have a simple "system" which will outsmart the market.