Masters in Business · Wednesday, July 15, 2026
Dr. Jordan Grummitt notes that while young DIY investors often struggle with overconfidence and seeking alpha, mature DIY investors face the risk of complacency. He emphasizes the need for older investors to remain aware of global changes and modify their risk exposure, shifting focus from returns to loss mitigation as they approach decumulation.
“Now, as you get older, believe it or not. I think the bigger problem and really mature DIY investors is you get complacent like the world changes.”
“But I'm also open to this idea that we can become complacent and we have to keep our eyes open and we have to look for how the world is changing.”
“We're really talking about risk modification. So I'm not as worried about returns as I used to be. I'm worried about losses. I want to modify my risk in such a way that I don't have those really deep losses anymore.”