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Warren Buffett has a wonderful expression that-- "Sloth is probably one of the best
words to use in terms of an investment philosophy." Yes, they buy and sell too often. And typically,
at the wrong time. And typically, what they will do is they will rush into those funds
that are popular. When they came into the market in the first quarter of 2000, they
didn't go into the so-called value funds, which actually were cheap then, but they went
into the Internet funds. They went into these funds that had 20 of the best Internet stocks.
And these were stocks that were the most expensive in the market.