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SI49: Morgan Housel's universal laws of investing and the importance of investor behaviour

Top Traders Unplugged

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The Last Business Day of the Month

On the last business day of december is, i think, five, six years or so ago, i had the entire portfolio up just a bit more than one %. So what? What are you going to do? Are you going to close down the portfolio to save that one % p anl, or you going to follow the process and trade your system sos? And so i closed the year down at minus 20 basis points. That felt absolutely, you know what it felt like, right? But it was the thing to do. Yo, should take the day off every last day of the month, actaly you know, i a lite distress. Let's jump in

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