More importantly, because the vast majority of actively managed funds fail to beat index funds, when individual investors put their money in active funds they often get the double whammy of poor performance from both the fund and their own emotional investor behavior. (mindfullyinvesting.com)
More importantly, because many actively managed funds fail to beat index funds, when individual investors put their money in active funds they often get the double whammy of poor performance from both the fund and their own emotional investor behavior. (mindfullyinvesting.com)
The P / E10 level (the price of an index over the average of the last 10 years of earnings) tells you how emotional investors are at any given time. (psyfitec.com)