Sound Investing · Paul Merriman

Mastering Patience: Insights for Long-Term Success in DIY Investing

·1 hr 4 min·5 clips
Paul Merriman exposes how the Russell 2000 small cap value index underperformed CRSP by 4% annually for 16 years.
Paul Merriman discusses the importance of patience in long-term investing, focusing on the small cap value premium and historical performance comparisons. He uses real data from funds like DFA and indexes to show how investors can achieve better returns through strategic diversification, while addressing common emotional challenges like recency bias and market volatility.

As heard by us

A measured case for patience, compounding, and ignoring the market's latest mood.

Mastering Patience makes a plain case for stepping back after the market has moved and treating recent returns with caution. It keeps returning to the same point: do-it-yourself investors often want the future to look like the recent past, but the evidence says a year is mostly…

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Why you'd press play

When last quarter's winners start feeling like a plan, press play.

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