Shifting Your Portfolio Because Of Donald Trump Or Brexit?
When I was 14 years old, I set a lofty goal.
I wanted to race my bike at the Olympics. The harder I worked, the better I got. I read about how to train. I read about tactics. I worked so hard my organs hurt.
I accepted that the harder I worked, the better I would get. In Malcolm Gladwell’s book, Outliers, he wrote about the “10,000-hour rule.”
That’s the time it takes, he says, to truly master something. Geoff Colvin agrees in his book, Talent Is Overrated.
But when it comes to investing, the opposite is true. The less you think about the market, the better your returns. It might be the only place where laziness beats the pros.
Here’s why thinking too much leads to poor investment returns.
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