The Light At The End Of The Tunnel

On this week’s Masters in Business, Barry sits down with Burton Malkiel, a living legend.

At one point, Barry asks,  “If I see a train coming down the tracks, don’t I want to jump out of the way?” Here is his response:

“Absolutely you want to jump out of the way. The problem is it just isn’t that obvious the train, ya know, maybe it’s the light at the end of the tunnel rather than the train coming in the opposite direction”

I love this line and I think he hits on something really important. Mistaking the train for the light at the end of the tunnel is probably the number one reason why the average investor fails to keep pace with an index over time.

Listen to the whole interview here.

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