Absolutely! You want to study the attraction of underperforming investment strategies and learn from the mistakes of others rather than repeating it.
For example, after 20 years of buying individual stocks (1981-2001), (and beating the S&P 500 by a healthy margin due to big winners like Dell and Pfizer), I figured out that I’d make just about as much money with less time & effort simply buying and holding an S&P 500 index fund. Everyone with outsized returns is doomed to “revert to the mean” – even Warren Buffet.
I just finished reading a NY Times story on investing your money in a Dicky’s BBQ franchise. Of course, I already knew it was far less risky to invest your money in an S&P 500 index fund rather than a restaurant franchise. But a refresher course is always appreciated, and the stories make for gripping reading – what were they thinking ???
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