In 1947, Ludwig Mies van der Rohe came up with the phrase “less is more” as applied to architecture. Would that be true for investing? If less is more does that mean that more is less?
Nobel laureate economist Eugene Fama has this to say: “Invested money is like a bar of soap. The more you handle it the less you have.”
The record shows that active investors underperform passive index investing by a large margin. (See SPIVA.)
“The harder I work the luckier I get. ” is an everyday experience for all of us. Studying for exams, all the way from grade one to post-grad university is but one example. Accustomed to this truism, many carry it into investing. Opposite to everyday life experience, that is not so in investing.
One of our surveys shows that 82% of our members and subscribers spend less than one hour a week managing their portfolios. Many of these portfolios, if not most, are retirement level amounts.
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