The Learning Curve And Surprises

The complexity of the market is sufficient to confuse anyone. A complex portfolio management process is not going to overcome that. You don't get to manage the market, but you do get to control your portfolio. Simplicity, transparency, and low activity levels should be the backbone of your management process. Only a simple, transparent process can be tracked and adjusted over time. One way to simplify your system is to eliminate large swaths of the investment world from study. In truth, if...