FYI: If you want long-term outperformance, you must be able to stomach short-term underperformance. As William Bernstein said, “The most important investment ability is an emotional discipline.”
Investing is a team sport that requires this discipline from both the investment manager (to stick to his investment process) and the end user (to stick with the manager).
Regards,
Ted
https://blog.thinknewfound.com/2016/11/outperforming-by-underperforming/
