Successful Investing

"The investor's chief problem - and even his worst enemy - is likely to be HIMSELF."

Ben Graham

What determines your investment results?

When people think of investing, many think about  stock-picking as the key to success. Some want to find the next Amazon, Google, or Apple. Others seek to hold a basket of handpicked blue chip stocks, believing that's the smarter way to invest. And some say stock-picking is a fool's errand and that you should invest in the right mutual funds to achieve long term success.

What's the problem with all of these approaches? They fail to understand what matters most. 

The academic research is clear: investor behavior, asset allocation, and minimizing fees are the factors that account for the vast majority of investment results.


focus on getting the big things right

investor behavior includes market timing, savings rate, fiddling with portfolio

asset allocation is the mix of stocks, bonds, real estate, commodities, cryptocurrency, and other asset classes