Money Management Report featured NEPC’s Tim McCusker, CIO, in their latest Consultant Spotlight Column “The Curse of Greed.”
Investing is hard. For starters, there’s detailed analyses and quantitative rigor that go into every sound investment decision. And then, to make matters more challenging, we are constantly battling our instincts, which are often pulling us in conflicting directions and getting in the way of rigorous investment discipline. To this end, we must find a balance between the fear that tugs at us when markets are down and the greed that tempts us in an upswing. This holds especially true today as markets have been on a tear, lulling us to believe that these heady times are here to stay. But the sell-off in early February tells a different tale, suggesting a major correction is due.
