Investment Demons: Are you a Self-Deceiver?
Investment Demons: Are you a Self-Deceiver? I've mentioned this before in relation to long-term investment strategies: Sir John Templeton (the father of international investing and considered one of the great investment icons of the twentieth century) often advised that you have to look foolish (sometimes even stupid) in the short-term in order to look brilliant in the long-term. What the gentleman was essentially referring to was the internal strength to maintain one's investment discipline and philosophy in the face of the inevitable bad times that [...]
