. They try to lead in their own way, not fear that they lag behind their peers. After all, as any value investor will tell you, following the crowd is among the worst arguments you can make for doing something and a human weakness that stands in the way of outperformance.
A longer and slightly different version of this article appeared in the 3Q issue of Directors and Boards Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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