Investing isn’t brain surgery. However, when people make their own investment decisions, an awful lot of them make really, really bad ones.
Schools don’t teach this stuff; they don’t teach it in the workplace. So people aren’t equipped with the tools for it. And the emotional aspect of investing absolutely enters into it too.”
Ben Inker, co-head of Asset Allocation at global investment management firm GMO, which manages $118 billion in client assets, and author of a white paper called, “Investing for Retirement: The Defined Contribution Challenge.”