Warren Buffett is quoted as saying, “Success in investing doesn’t correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble investing.” In his recent post, Larry Swedroe highlights how the behavioral biases of Recency and Resulting lead many investors to ignore Buffett's sage advice by abandoning their well developed investment plans. Read more here.
The above is not intended as investment advice. Please consult an investment professional for advice that is suitable for your individual needs.