I’ll add a little more here (this is no longer on topic for that thread):
One of my big realizations as a private investor is that since I don’t have clients, I can invest exactly as I feel is best for myself. I don’t have to justify to clients why I invest the way I do, why I sometimes significantly underperform the index (though sometimes I also outperform), why I’m not part of the AI trend, etc. I don’t have to follow any benchmark index and try to beat it.
This investing wouldn’t be nearly as rewarding or enjoyable (and probably not as profitable either) if I were a professional portfolio manager with all my responsibilities and especially under the pressure created by client expectations. Now I can relax. 