The stark reality is that we have significantly
less control over our investment outcomes than we want to believe.
Not exact matches
In contrast, the professional managers that operate downstream of individual investor flows, and that manage the various
investment vehicles that provide those investors with equity exposure, probably exert
less control over the market's absolute valuation.
Do that and you'll likely end up taking more risk than you intend in some years,
less in others and you'll have turned
over control of your
investment strategy to the financial markets.
And, people like having flexibility with and
control over their
investments, even if that leads to
less money for them in the long run.
However, the individual investor has
less control over the group's
investment decisions than if he were making the decisions alone.