# Chasing Returns, Catching Losses

Page: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/chasing-returns-catching-losses
Text version: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/chasing-returns-catching-losses.md
Podcast: [Talking Real Money - Investing Talk](https://stenobird.com/podcast/talking-real-money-investing-talk-201087)
Published: 2026-07-21T16:00:00+00:00
Episode link: https://www.buzzsprout.com/2607021/episodes/19526881-chasing-returns-catching-losses.mp3
Audio file: https://www.buzzsprout.com/2607021/episodes/19526881-chasing-returns-catching-losses.mp3
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JSON: https://stenobird.com/v1/public/podcasts/talking-real-money-investing-talk-201087/episodes/chasing-returns-catching-losses
Duration seconds: 1675

## Resource

Chasing performance feels like the easiest way to make money—but buying what has already gone up often means arriving late and leaving with less. In this episode of Talking Real Money, Tom and Don examine the “behavior gap”: the difference between an investment’s return and what investors actually earn after buying high, selling low, and chasing the latest market story. They explain why disciplined diversification and a sensible asset allocation usually beat a portfolio built around hot ideas...

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## Transcript

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