Perfection is the enemy

A few days ago, I made a video titled 'Where should you invest for the next 10 years?' for the Investors' Hangout section of Value Research Online. This topic is not new - far from it. This is a question that I have been fielding regularly since I founded Value Research three decades ago. In a way, this is the central investor problem that Value Research is here to solve. Of course the part is a figure of speech, what investors actually mean is 'for a long time' or 'money that I don't need for the foreseeable future. In my video talk, I gave what I would call my 'analyst' answer, one based on an evaluation of time periods, growth, volatility risk, and so on. That's the way any investment decision should be made. However, on this page, I will discuss a different dimension - one based on human psy