“We call it… stay invested, stay diversified, stay disciplined… we set up the rules now before we get into the action on the market.”
Omar Aguilar · Masters in Business · Using Decision Science in Investing: Masters in Business with Omar Aguilar
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55:08
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What was described
Set up three client rules: stay invested, stay diversified, and stay disciplined (pre-defined actions for market drops, rebalancing, profit-taking)
Said nearby on the same subject
“Stay invested is the first component… we have lots of data over long periods… shows that stay invested is much better than not being or trying to get in and out of the market.”
“Last year you said there are four dominant biases… herding, recency bias, confirmation bias, home country bias… we try to help them stay diversified.”