Thomas Jefferson? Stephen Leacock? Samuel Goldwin? Regardless of who first said it, most understand the meaning.
However, there is a great deal of evidence that index investing, practically effortless, outperforms active, hard work investing.
Some of our retired members and subscribers spend 10 hours a day managing their investments, thinking that hard work will improve their performance. Polls show that between 30% and 60% of investors surveyed feel that way.
In most other aspects of life, the harder we work, the better our results. When it comes to stock market investing, the Monday Morning way is as effective as it is straightforward and easy.
In the stock market, the lazier, the luckier. Sloth matters.
Does spending 10 hours a day managing investments slow down or prevent cognitive decline? Could it be a form of cognitive training? Likely yes! Does doing so improve investment performance? No, emphatically no, for most investors!
Generally, active investing underperforms significantly. Some feel that regulatory policy regarding actively managed funds should carry warnings!*
So how do we invest for predictable, positive results?
