I’m delighted to share this fascinating interview with Carl Richards with you. Carl writes a weekly essay for The New York Times “Your Money” section and has been a Certified Financial Planner for 15 years. His witty sketches have appeared in numerous publications, including the Wall Street Journal, Morningstar and The New York Times.
Over the years, he noticed that the actual real-life returns the average investor gets are dramatically lower than the return of the average mutual fund. He named this phenomenon the Behavior GapTM and began devoting his energy to explaining why the Behavior Gap exists and what constitutes smart investor behavior.
Carl recently shared his surprising insights, tips and strategies with me in an audio interview. I hope you’ll listen to it today – I know you will find it very helpful!