“The safe way to double your money is to fold it over and put it in your pocket.”
I could make a case that this is the most important fork in the road for investors. If you take the wrong fork here—which in my view is trying to beat the market—you will be likely to make the wrong choices everywhere else. The chapter title poses a question, and your answer will affect everything else that you do.
Wall Street and Main Street, for different reasons, hope you will try to beat the market. I hope you won’t.
How does trying to beat the market hurt investors? If you are determined to beat the market:
• You will likely place much more trust in Wall Street and Main Street than is ...