A reader asks: Instead of diversifying is it ever worth advising clients to build mental toughness? This would be similar to how we teach youth athletes to grow through losses and failures. Learning to take short term investing losses knowing over long term they will get larger gains in stocks. This is an excellent question because money is more about behavior than numbers. On the one hand, dealing with losses is one of t...

source: https://awealthofcommonsense.com/2024/04/knowledge-alone-doesnt-change-behavior/