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Performance of individual investors


Lupo Lupus
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I uploaded a review article of the performance of individual investors. Unsurprisingly, they underperform the market, even before trading costs. But the article has also interesting points about how performance differs short and long term, depending on order type, investor characteristics etc.

 

I always find it important to understand inefficiencies in the behaviour of other market participants, so I thought this could be of interest.

behavior_of_individual_investors.pdf

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