Chasing Returns, Catching Losses

Chasing Returns, Catching Losses

July 21, 2026 · 28 min

About this episode

The episode discusses the pitfalls of chasing investment returns and the importance of disciplined diversification.

Chasing performance feels like the easiest way to make money—but buying what has already gone up often means arriving late and leaving with less. In this episode of Talking Real Money, Tom and Don examine the “behavior gap”: the difference between an investment’s return and what investors actually earn after buying high, selling low, and chasing the latest market story. They explain why disciplined diversification and a sensible asset allocation usually beat a portfolio built around hot ideas...

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Host: Don McDonald

Guest: Tom

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Organizations: Talking Real Money

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