Why Self-Discipline is Key to Investing

Investors tend to focus on the here-and-now and not the longer-term consequences of their actions, says Morningstar Investment Management's Dan Kemp

Dan Kemp 12 March, 2019 | 8:28AM

 

 

Dan Kemp: For millions of people around the world, the season of Lent represents a period of self-denial as we look ahead to a future feast. Such periods are important because people tend to focus on the here-and-now and not the longer-term consequences of our actions. This is especially relevant for investors as the impact of our decisions are typically felt over years and decades rather than just days and weeks. It therefore feels like a good time for investors to think about our habits and behaviours and consider some changes to improve returns over the long term.

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About Author

Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA

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