The Science of Investing
We often hear about the importance of being a disciplined investor. While this is true, it does not tell us much. Being disciplined suggests that we should make a plan and stick to it. Sounds correct, but does that mean just any plan will do? So, for example, should an investor follow the advice of a broker who says not to think long term because he can somehow time the market through his superior risk management skills or because he sells an insurance product such as an annuity? As you read on, the answer, if it already is not obvious, will become clear. A disciplined investor looks at investing as a discipline or science itself and seeks out advisers who are trained in the science. Learn more.