Last month, we looked at the concept of risk. It is quite revealing, as we learned what we fear is big and scary and exciting, when instead we should fear the more mundane things in life, like cholesterol and heart disease.
Similarly, investors often fear big scary events – Crashes! Hyper-Inflation! Currency Collapse! – when what actually is more likely to damage your portfolios are mundane things like over-trading, excess fees, and taxes.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.