Markets follow a pattern that is as persistent as it is costly: the most enthusiastic buyers tend to arrive near the end of the cycle. We’ve seen it repeatedly in diverse speculative manias—technology stocks in… 

Agustin Leon, CFA | Founder of Behavioral CIO You’re intelligent. You read the reports. You follow the news. You’ve done everything “right” — yet somehow, your portfolio keeps underperforming. The market climbs, and you’re still…