Making Decisions in the Heat of the Moment

In a recent interview with Morningstar, author Tadas Viskanta commented on the dangers of investors losing sight of their time horizon and their long-term strategy:  "...(W)here individuals oftentimes fall down and where they make mistakes is they make decisions in the heat of the moment."  Viskanta argues that avoiding mistakes can be overcome by having a disciplined process for making portfolio decisions.  

Click here for a transcript of the interview.