Raoul Pal: The best performing brokerage accounts at every firm are the ones belonging to dead people.
"It's because they don't sell."
"Unfucking your future is compounding. F*cking up your future is trying to trade."
Very few traders actually make compounding returns.
Buying and holding in the right secular trend beats almost everything - and you don't even need to be smart to do it.
FT
@RaoulGMI @RealVision.