Don't Over-Drive the Car

Something odd tends to happen on the race track when a driver pushes harder and harder to go faster; they eventually find themselves going slower despite the extra effort. In daily life, we’ve probably all been caught out by trying to get into the “fast lane” when sitting in traffic just to see brake lights show up in the new lane while the one we just left starts moving. We then change back only to see the situation reverse on us yet again. For investors, migrating from asset class to asset class in an effort to improve performance can often be met with the same frustration.

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