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your response intrigued me, because on the one hand you said we needed to spend endless hours overcoming our mental weaknesses, then described how you'd overcom
by lintiness 10y ago
your response intrigued me, because on the one hand you said we needed to spend endless hours overcoming our mental weaknesses, then described how you'd overcome it by devoting next to no time to it at all. most professionals in the money management business (i happen to be one) work awfully hard and add no value at all.
- blawson 10y agoI think the point is that becoming sufficiently dispassionate isn't something you can do in a few hours a week. If you have the time to dedicate to doing so, great, but realistically so many people are better off using that time to get better at what they're already good at, and just buy the broad market.