Why Investors Need a Latticework of Ideas, with Morgan Housel
Afford Anything
00:00
Is Doing Nothing the Smartest Investing Strategy?
Doing nothing is effectively dollar cost averaging into index funds and not doing anything else, just being patient after that. It's one of the very few fields where we know distinctly that people that put in the least effort, the least action, who are the least hands on, they end up generating some of the best results. This is not true just for individual investors, but professional investors as well. I if you just look at individual ine s that bought an index fund 20 years ago and then went to the beach, never even checked their account, literally did nothing after that,. Those investors who did nothing would be in the top quintile of professional investors if you grouped everyone together.
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