Michael Mauboussin: The Coffee Can Approach: Why Doing Less Can Leave You With More Money

Excerpts (via Michael Mauboussin @ Legg Mason)

Investors often make changes to their portfolios—with the best of intentions—that do  not add value.
These mistakes include reallocation of a portfolio from one asset class to another as  well as switching from one manager to another within an asset class.
Analysis through simulation shows that investors would be better off extending the  industry standard three-year window for manager assessment.

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30. March 2011 by Miguel Barbosa
Categories: Curated Readings, Finance & Investing | Leave a comment

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