Turning Investment Rules into Laws: The Key to Avoiding Costly Exceptions and Improving Portfolio Performance
New York — The old adage “the exception that proves the rule” has often been cited, yet its usage typically leads to more confusion than clarity, especially in scenarios where strict rules should govern decisions. Originally, this phrase signified that the presence of an exception testing a rule actually confirmed its general validity. However, it has since morphed into a broadly misinterpreted justification for deviating from established guidelines. In the realm of investor behavior, this misinterpretation becomes particularly glaring. Even as the principles of smart investing have become better known, many an investor’s portfolio inadvertently … Read more