Howard Marks once mentioned a fund that performed near the median return of its peers every year, but returned within the top 5% of its peers for over a decade.

To compete with others every quarter and every year is an instinctive pathology that develops after a long stay in a closed system, with few resources and a risk of death at any time.

People in this state of mind, a high degree of mental tension, easy to be outside the noise and temptation to disrupt their long-term plans, regardless of their specific actual situation, frequent overdraft of physical energy, wasting a lot of resources chasing hot spots.

This kind of "acute" pathology, but the essence of a chronic disease. Awareness of good, and the reality of a number of times after the collision, may realize the need to calm down, slowly get rid of this pathology. Bad understanding, can only seek their own good fortune.

Howard Marks once mentioned a fund that performed near the median return of its peers every year, but returned within the top 5% of its peers for over a decade.

To compete with others every quarter and every year is an instinctive pathology that develops after a long stay in a closed system, with few resources and a risk of death at any time.

People in this state of mind, a high degree of mental tension, easy to be outside the noise and temptation to disrupt their long-term plans, regardless of their specific actual situation, frequent overdraft of physical energy, wasting a lot of resources chasing hot spots.

This kind of "acute" pathology, but the essence of a chronic disease. Awareness of good, and the reality of a number of times after the collision, may realize the need to calm down, slowly get rid of this pathology. Bad understanding, can only seek their own good fortune.