I have time and again shared with you the importance of reading to be successful in investing. I myself try to read as much as possible and believe me I have no regrets as I have grown as an individual and as an investor. Benjamin Franklin was right when he said Knowledge pays the best interest. I attended a training somedays back and came to some conclusions as an
1. I am an investor. I am not a speculator.
2. It’s not how much money I make that matters but how much money I keep, how hard it works and how many years I let it work.
3. I am not as brave as my broker thinks I am. Return of Capital is more important to me than Return on Capital.
4. Patience is a virtue for me. I resist the natural human basis to act.
5. I know what I own and I know why I own it.
6. My goal as an investor is not to be next Warren Buffett but to become a more authentic version of myself.
7. For me there is no such thing as getting rich quick.
8. I know if I keep at hard work and honesty, I will get almost anything in life. Investing isn’t different.
9. I understand that knowing what I don’t know is more useful than being brilliant.
10. I know leverage when combined with stock market volatility equals dynamite. Thus I keep myself far away from it.
11. I remember that the most dangerous words in Investing is, “This time it’s different.”
12. I know that in Investing, I only have to do few things right so long as I do not do too many things wrong.
13. I can’t live long enough to make all the mistakes myself hence I must learn from mistakes committed by others.
14. Humility and courage are my greatest assets as an investor. I must not lose them.
15. I know that to make money in equity I must have vision to see them, courage to buy them and patience to hold them.
16. I try to keep my head when others are losing theirs. Successful Investing for me is 99% temperament and 1% intelligence.
And last but not the least,
I REMIND MYSELF OFTEN:
***”I AM AN INVESTOR.”***
Happy Investing !!