Nice quote. Ties back to my earlier post about focusing on what you can control.
It’s not lack of information that holds us back. The binding constraint is emotions. This doesn’t mean information is not good. It is good, but only AFTER you’ve got your emotions harnessed. And very few of us have…
Individual investors would add more value to their own portfolios if focused on building an investment approach that mitigated emotional impulses. Until this is done, ain’t nothin’ gonna work.
— Mark Dow, Behavior Macro