Why investing is like dieting: How you can’t afford to wait to get your investment waistline in shape

Investing is like dieting. Yes, dieting. I realized this an appropriate metaphor shortly after joining the investment industry after almost a decade practicing law. After the big switch, I did what any self-respecting lawyer would do and researched all things investing.

I read every authoritative source I could; attended my partner, professor Julio Cacho’s lectures at Rice University twice a week — sitting in the back as the noticeably older guy nobody knew; read client letters from some of…