Charles Munger is Vice Chairman of Berkshire Hathaway. Munger and Warren Buffett are viewed by many as the best investment team in the country. He provided some excellent investment insight:
“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw emotions under control.”
Dalbar, Inc. has studied the returns of the average stock fund investor and compared it to the average stock fund. Over the last 20 years investors sacrificed nearly half of their potential returns by making elementary mistakes such as:
Few amateur investors have the training or discipline that allows them to avoid these costly mistakes. One of the most important services that a trusted investment manager can provide is to remain disciplined, stick with the plan, remember the goal and focus on the long term.
For more information about professional investment management visit Korving & Co.
Korving & Co. is a fee-only Registered Investment Advisor (RIA) offering unbiased investment advice.
Arie and Stephen Korving are CERTIFIED FINANCIAL PLANNER™ professionals.
Korving & Company is an investment management, financial advisor, and financial planning firm that specializes in working with retirees, couples who are serious about retirement planning, and women who have recently suffered the loss of a spouse.