Leggett & Platt Inc (LEG)

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Do you care how your portfolio does or do you just like placing bets on stocks? Some people are in the latter category. They hang around terrible payout slots in casinos and all but the dumbest know they've lost and are likely going to continue losing due to the odds.

I'll share one of the most important things an investor can see. While this table below covers the period from 1993 thru 2013, it displays an eternal truth... most investors "Suck" at investing. They do VASTLY worse than the S&P 500 (it's way over on the table's left side). Studies of other periods, show the same trend.

Why do investors suck so terribly? 1) They chase fads; 2) They trade too often; 3) They fall for small cap scams; 4) And above all, they buy at market tops and sell in panic at bottoms. Index funds almost never do any of that.

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I've had LEG, first as a convertible bond, then as the stock for decades.... a fabulous growth stock and div payer for several decades (but not so much lately)