My Two Handicaps [Mark Crothers on Humble Dollar] – “I find the irony brilliant. In golf, average performance takes extraordinary effort and skill. In investing, average performance takes extraordinary discipline and restraint. Most investors handicap themselves by trying too hard – chasing hot stocks, timing the market, paying hefty fees to active managers who mostly underperform.
They’re essentially choosing to play off a higher handicap when scratch is sitting right there, available for the price of a simple index fund.”