Gary Connolly: The sin of indecision counteracts the virtues of sloth in investing

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Sloth is one of the seven deadly sins, seen as wasteful and self-indulgent.

A sloth is an arboreal mammal noted for slowness of movement and spending most of its life hanging upside down in the trees of tropical rainforests. It has an extremely low metabolism and its slow, deliberate movements are an evolutionary adaptation to avoid detection by predators who hunt by sight.

It is the natural world’s undisputed champion of lethargy. There aren’t many walks of life in which you can recommend laziness as a virtue. Investment, generally speaking, is one.

And it’s endorsed by arguably the highest investment authority there is: Warren Buffett describes his investment process as one of “benign neglect, bordering on sloth”.

I have regularly preached its virtues as it