Investor Corner/Staying the course

6.1 Closing Mindset Pieces

The behavioural principles, judging decisions by process rather than outcome, staying invested through the dull years, that separate a good plan from one that is actually followed. The mechanics covered elsewhere in this series only work if they are actually followed through a market cycle, and that comes down to behaviour: judging decisions by process rather than outcome, and staying invested through the years that feel uneventful. This section is less about what to do and more about the discipline to keep doing it.