“The investor’s chief problem – and even his worst enemy – is likely to be himself.”
-Benjamin Graham, Value Investor, Mentor to Warren Buffett
Contrary to what many institutions might have you believe, investing in sub-par performing investment products is not an investor’s chief problem to overcome. Sure, investment returns matter over time but they don’t matter nearly as much as bad behaviour. An impatient investor can destroy an investment portfolio. It is my experience that successful investing is not about getting everything right, it’s about doing the right things more often than not – and that means letting your assets do all the work over time. Furthermore, an investor is not a trader in my book. An investor by definition has a vested interest in their holdings and sticks with them through the good times and the bad. In fact, an investor does not chase performance but instead looks for opportunities to buy more assets at modest prices or when re-balancing is due.