Why chasing past performance is an investor's biggest mistake.

John C. Bogle, the legendary founder of Vanguard, breaks down the golden rule of investing: reversion to the mean. He warns that past performance is rarely a reliable indicator of future results and explains why investors should stop trying to predict market winners based on yesterday's returns. Beyond his rule against chasing trends, Bogle advocates for a federal fiduciary standard as the ultimate protection for individual investors, arguing that putting the client first isn't just moral—it's a superior business strategy.
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Видео Why chasing past performance is an investor's biggest mistake. канала WOD HIGHLIGHTS