The Golden Ticket Trap

One of the toughest realities for investors to face is that it does not pay to try to get rich with one good pick.

The temptation to attempt this is strong and understandable. We can always look back into the past and say, “If I had only just bought ______.”

It can feel like the costs to try to buy the next big winner are small – much like the costs for a lottery ticket are small compared to the possible benefit – although the math is still never on your side.

Below is a good article on this issue titled “The Golden Ticket Trap.”

Jim Parker the Golden Ticket Trap

 

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