This is a great quote I read from Deliberate Capital's Blog:

"There are three major competitive advantages in investing: 1) informational (knowing a meaningful fact nobody else does); 2) analytical (cutting up the public information to arrive at a superior conclusion) and 3) psychological (that is to say, behavioral). Informational and analytical advantages are harder to come by, therefore long-term investors must assess if they have the behavioral aptitude to succeed as active investors."
Nathan Worden's avatar
While the informational and analytical advantages are extremely competitive, the ‘behavioral’ vector is probably the ‘team with the least cuts at tryouts’

The massive amount of short term money in the market means many, many long term investors can have a seat on the bus if they want it.

The behavioral vector is the only one where you disqualify yourself.



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