Sir, While Tim Harford’s illuminating article “ The languid pleasures of slow investing” (The Undercover Economist, February 10) points out the biological and behavioural traits that trip up many investors, he falls into a common trap by assuming that the stock market is the only food group for this particular species. Can I recommend a more Darwinian balanced diet, which invests in all assets all of the time (real estate, bonds, commodities, cash and global equities) and the tortoise as his mascot, rather than a sloth. Some 2,500 years ago, Aesop’s fable explained clearly how being slow and steady beats the hyperactive hare.
New York, NY, US
Get alerts on Letter when a new story is published