As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 22 October 2011

I know what I don’t know!


Read? I don’t know what I don’t know

In investing or trading, some people know what they don't know; but believe some people know what they don't know.

For example, I heard someone saying that his broker is good as he sent him some TA charts with some views.

Actually, when you go around visiting investment, finance and trading blogs you will see lots of charts with convincing views presented in these blogs. They know what you don't know??? Don't be foolish to believe it. They are probably like you; they don't know what they don't know and act like they know.

BTW, you don't need to have high IQ to do TA charting and present views or give 5 pointers. Anyone after seriously read a few TA books should to be able produce decent TA chart and present their views. It is not rocket science!

I believe the most honest answer came from one Head of Research from XXX Securities at investment seminar after been scolded by an old man for causing him to lose money following her calls for years. She replied something like this: "If I really know; I won't be standing here giving stock view."

Yes. That is absolutely true. She knows what she knows. She doesn't know what she doesn't know. But, some people like to believe what they hear and read and foolishly think that they know what we don't know.

You don't know what I am saying??? hee hee!



1 comment:

  1. Hi,
    Even if you know every knows of a stock there is to know, still you will never ever know MR. MARKET.
    MR MARKET treats everyone equal, no matter you are "MOM & POP" investors or the "Sophisticated Ones"
    But the worst of all investors is the "i don't know what i know.
    He! Hee!

    NB:
    And i know, i don't know what i know many a times. What about you? Do you really know?
    Hee! He!

    ReplyDelete

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