Jason Zweig hit it out of the park with yesterday’s column. Included are the following;
1) …good advice rarely changes, while markets change constantly.
2) The advice that sounds the best in the short run is always the most dangerous in the long run.
3) …people who receive frequent news updates on their investments earn lower returns than those who get no news.
4) As the founder of security analysis, Benjamin Graham, wrote in The Intelligent Investor in 1949: “The investor’s chief problem – and even his worst enemy – is likely to be himself.”
There’s more, be sure to check it out.
Unrelated; the newest fashion trend on display at the NBA draft on Thursday. Pretty neat.