5DaysSober comments on The S&P 500 has an average annual RoI of 7% - 10%. Other indices return at comparable rates. Why, then, do so many investors end up with significantly lower, or even negative returns?: "The typical investor definitely has a positive ROI, but below that of the market.
It's like grilling a piece of meat, the less you fuck with it, the better it is. Every time an investor makes a move he has the opportunity to f*** it up. The typical investor causes more harm than good for each move he makes. But moving it around is the only way to get above average. So, in an effort to make a perfect steak, 1 steak turns out better than average, and 9 turn out worse. But, everybody is convinced they're the grill master so they keep f***ing up their steaks."
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