You must have some philosophy that governs your investing; without a governing philosophy, you are just flapping like a fish out of water; the philosophy does not have to be buy-and-hold, but you must have one.
normativepending
Evidence Quote
“you have to have some sort of philosophy that governs you...if you don't have that, then you're just then you're just flopping like a fish out of water”
Source
Liz Ann Sonders, Cliff Asness, Mike Green and 40+ Others Share Their Most Important Lesson— Excess ReturnsCreated: 8/11/2026, 6:46:49 AM
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