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Some Investment Management points of emphasis in the chapter:
Chasing Returns - It shouldn’t be surprising that chasing returns is a very common investor mistake. For many investors, the lure of phenomenal past returns is just too tempting to pass up. This allure leads to critical mistakes.
Lack of Patience - Most mutual fund investors hold their funds for only two or three years before impatience gets the best of them. When investing in stocks or stock funds, investors must learn to set their investment sights on five- and ten-year periods.
Lack of a Clearly Defined Investment Strategy - How would your current advisor respond if you asked, “What strategy do you follow in managing my portfolio?”