The longer people invest their money, the WORSE they do--In this case, experience doesn't improve performance. This only applies to amateur investors, however, not professionals (so maybe you should try to get a job in the financial industry!) Researcher Yiming Qian says, "Individual investors who happen to gain a good return on their first purchase are more aggressive in subsequent purchases and their earnings decrease with each purchase. But with institutional investors, their earnings do not decrease or increase with subsequent purchases." People who think of Whitley in terms of being a novelist or a UFO pundit might be surprised to know that he is also an expert on finance and investing, as his many Journals during the past few years can attest to. Don't miss his latest on the inevitability of government bank regulation, and if you want to keep on getting these important and USEFUL opinions, be sure to subscribe today.