Most investors want to do today what they should have done yesterday.
Core idea
People tend to chase yesterday's opportunities, reacting late instead of planning ahead, which leads to buying high, selling low, and consistently poor investment decisions.
Practical application
To be a better investor, stop chasing what just worked; instead, build a plan, act before trends are obvious, and stick to disciplined, forward-looking decisions.
Why it matters
This quote reveals that the real investment edge comes from resisting herd-driven hindsight, focusing instead on disciplined, forward-looking decisions before opportunities become obvious to everyone.
