Why Diamond Hands is a Recipe for Mediocre Returns (Rebalancing)

Rebalancing: Why “Diamond Hands” is a Recipe for Mediocre Returns

There’s a peculiar religion in modern investing where suffering is celebrated as virtue. Hold through the crash. Never sell. Diamond hands forever. The faithful wear their unrealized losses like badges of honor, proof of their commitment to the cause. Meanwhile, their portfolios drift further from any coherent strategy, weighted increasingly toward whatever happened to go […]

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