We Eat Dollar Weighted Returns — VI

 We Eat Dollar Weighted Returns — VI


Dollar Weighted Returns

Photo Credit: Lynne Hand

One of the constants in investing is that average investors show up late to the party or to the crisis. Unlike many gatherings where it may be cool to be fashionably late, in investing it tends to mean you earn less and lose more, which is definitely not cool.

One reason why this happens is that information gets distributed in lumps. We don't notice things in real time, partly because...

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