Performance chasing

This Week with J. Mark Nickell & Co. – April 30, 2014

Patience is a virtue when it comes to investing.  It’s human nature to want to own winners and avoid losers.  Unfortunately, investor behavior often works against a successful long-term investment program.  Generally, investors—left to their own devices—sell losers at the wrong time and invest in hot sectors, only to see the performance of recent winners