Carl Richards is someone I admire – someone who has brought wise behavioural coaching to individual investors under the guise of money management. His latest article in the New York Times belittles technical indicators a little too much for my liking, but his core point is spot on:
Oddly enough, the only pattern that will influence your investing success is your behavior
Interestingly, Vanguard is heavily pushing the idea that the (new) role of the advisor should really be coaching the client… look for more on that touchy topic in a future post.
