"Many individual investors achieve in the long run far better results than professionals fund managers because they are not compelled to perform month-by-month and to become pure momentum players for fear of losing clients if they underperform a benchmark over the short or medium term. But the key to these investors success is that they avoid "crowded trades", which means to buy an asset because everybody else is buying it and short an asset because everybody is shorting it.""De nombreux investisseurs individuels d'atteindre à long terme de bie...