Avoid chasing performance and stay committed to your strategy from "summary" of John Bogle on Investing by John C. Bogle
The cardinal rule for investors is to not be swayed by the allure of chasing performance. It can be tempting to abandon a carefully crafted investment strategy in favor of the latest hot trend or top-performing fund. However, this approach is flawed and often leads to disappointing results in the long run. Staying committed to your strategy is crucial for achieving long-term success in the market. It requires discipline and patience to resist the urge to constantly tinker with your portfolio based on short-term fluctuations. Instead, it is important to focus on your long-term goals and stick to your investment plan through market ups and downs. Market timing a...
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