Teach investors the behaviors and decisions that consistently lead to poor results — regardless of intelligence, education, or market conditions.

These mistakes are behavioral, not analytical.
They come from emotion, impatience, and lack of discipline.

Most investors trade too much because they:

Overtrading increases:

And it destroys the compounding that creates wealth.

The most common pattern in market history:

This flips the compounding engine upside-down.

Emotional decisions cause investors to:

Temperament is more important than IQ.

FOMO shows up as:

FOMO turns markets into stampedes.
And stampedes always end the same way.

Great investors know exactly:

Most investors never write down a thesis.
So they don’t know when they’re wrong — and don’t know why they sold.

A clear sell framework protects returns.

Owning something without understanding it leads to:

If you do not know:

— you cannot hold it through volatility.

Thesis clarity = conviction = long-term returns.

Skill-based investing succeeds when you:

You don’t need perfect predictions.
You need to avoid the mistakes that consistently destroy compounding.

5. The Mistakes That Ruin Returns