inflow outflow

Hat tip Josh Brown

 

Today’s chart comes to us from Patrick O’Shaughnessy, author of the forthcoming book, “Millennial Money: How Young Investors Can Build a Fortune.” O’Shaughnessy makes the observation that investing is “almost free” and investor behavior tends to matter more than their actual investments.

As an example, he cites this chart.  Continues here

 

 

Category: Cognitive Foibles, Investing

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One Response to “How Not to Beat the Market”

  1. Iamthe50percent says:

    “inflows peak at the exact market top, outflows peak at the exact market bottom.”

    Isn’t that what makes a peak and a bottom?