An investor who signs an Investment Policy Statement promising to rebalance according to a plan should be reminded by holding a 'revolver' and saying 'Go ahead and make my day' if they consider abandoning the plan, using Dirty Harry's famous line to emphasize the commitment required.
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Larry SwedroeEvidence Quote
“you signed this investment policy statement promising you're going to rebalance when you're going to complain it underperformed I'm going to hold the revolver and say go ahead and make my day”
Source
Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them— Excess ReturnsCreated: 8/11/2026, 7:39:47 AM
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