No Goals in Investing?
Too far away to think about.
How to predict that far?
You siao arh!
That is a damn long journey!!!
No milestones? No Plans? No Goals? In cyclical and volatile market?
Then, how to arrive there safely and on time?
They tend to to think too much and worry too much.
Look too far when nobody can really see that far. Nobody!
You can’t predict. You can prepare.
What the wise man does in the beginning, the fool does in the end.
We must strive to understand the implications of what’s going on around us. When others are recklessly confident and buying aggressively, we should be highly cautious; when others are frightened into action or panic selling, we should become aggressive.
Believe me, there’s nothing better than buying from someone who has to sell regardless of price during a crash. Many of the best buys we’ve ever made occurred for that reason.
When everyone believes something is risky, their unwillingness to buy usually reduces it’s price to the point where it’s not risky at all. Broadly negative opinion can make it the least risky thing since all optimism has been driven out of it’s price.
Just about everything is cyclical.