I have been banging on lately about the lack of courage/commitment of many in equities markets. The little graph below is related to and online survey run by the WSJ
It asks specifically what which fund investing mistake have you most often made? Whilst the question relates to the buying and selling of mutual funds it can apply equally as well to any instrument.
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Query, are not options 1 and 6, the same or causally related?
ie, buying too late was because of being too cautious,
and hence both questions measure the same thing, so in actual fact account for 63% of responses?
In fact, all responses would seem to be subsets of two main catagories, those decisions based on fear and those based on greed.
Please let me know if I am misinterpreting the data.
Tye
i might take it one step further and say that all actions stem from a failure to establish control over yourself and your actions.