Investors Behaving Badly: An Analysis of Investor Trading Patterns in Mutual Funds

Quill, Gavin
November 2001
Journal of Financial Planning;Nov2001, Vol. 14 Issue 11, p82
Academic Journal
The thesis of this article is that, despite the tremendous proliferation of educational materials and raw market information available to investors, investors too often act irrationally or contrary to their own best financial interests. In this article, we examine the evidence that investor behavior is frequently detrimental to the achievement of investors' long-term goals. The picture that emerges from this analysis is one of investors who have lost a good portion of their potential returns because of the excessive frequency and poor timing of their trading activities.


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