On Wall Street, Always Look Both Ways Wall Street Journal (10/31/00) Vol. 104, No. 42 p.C1; Clements, Jonathan
The Wall Street Journal's "Getting Going" column lists
"25 ironies of investing." Among them: the most confident
investors often have the worst results because they incur high
trading costs; the most successful actively managed stock funds
will have a hard time keeping that performance advantage because
investors will be pouring in new cash; you can cut risk by buying
a stock gradually rather than all at once, but a stock should be
sold all at once rather than gradually; and money managers may be
near the end of their careers by the time they gain investors'
confidence in their skill.