We all want our returns quickly. We all want to earn money as soon as possible. We all want to find a get-rich-quick scheme. Having so many distractions, it’s no wonder that most investors fail to manage their investment portfolios.
Creating your investment portfolio for the long term doesn’t sound that hard, does it? Except for the fact that most investors fail to do so. They lack self-discipline and patience to invest successfully in the long run.
Despite Classical Economics mentioning human beings as rational thinkers, we have proved it wrong, haven't we? This is particularly true in Investing where many people have shown nothing short of absurdity. This absurdity has brought in a popular concept called Behavioral Investment.