Jeffrey Patak

In this insightful discussion, Jeffrey Patak, a managing director at Morningstar and expert in fund performance analysis, sheds light on the 'Mind the Gap' study. He explains the significant difference between the returns of investment funds and what investors actually experience, revealing a 1.2% annual gap. Jeffrey delves into behavioral finance, identifying how chasing winners and poorly timed trades can hinder returns. He also offers practical tips to minimize this gap, emphasizing the importance of automation, diversification, and sticking to a long-term plan.