Investors spend a lot of time and mental bandwidth looking for investment options that give above-average returns. Some even obsess about it. To be fair, there is nothing wrong in that. The problem arises when they invest inadequate amounts and justify it with overconfidence in their own abilities to generate above-average returns.
However, from what little I have learned over the years, you cannot outperform your way out of underinvesting. So while aiming for high returns is one thing, relying on it is another thing. And the latter is where people get it wrong.
