In this episode, Mark asks what process do you use, what's your sell discipline and your buy discipline? There are long term consequences when it comes to short term decisions. It's not "am i beating a benchmark?", it's "am I on track to accomplish my goals?" What is long term, a month, a year, three years? At what level do you decide and investment is long term? Why do investors purchase when stocks are going up, but they won’t buy when stocks are going down? He also discusses Morningstar stats: there has been a 20% correction once average every 5 years, which was long over due.
August 14, 2017