How and when to buy stocks is not the most difficult part? (2)

Just For Thinking ...


Read? How and when to buy stocks is not the most difficult part?

durio 8 July 2012 21:57:00 GMT+08:00

 

"mindset! totally agree with you ...
care to share how u conquer yours? thanks!"

Read? Understanding Prospect Theory - Re-visit


The Moral of the Story ..

Most of us scare to lose money or giving back some winning money on the table.

Read? Reading This Won't Make You Great!

WHY, WHY, WHY???

Most of us may read financial and investment books, articles, or even blog posts hoping to acquire more knowledge to improve our investing or trading skills.

Even after you read something that you strongly believe it is working right or true; you may not be able to transform your investing behaviour to the desirable state of emotions to achieve your investing goals.


Retail investors must learn this lesson from the World's greatest investor in our time ...

“To invest successfully over a lifetime does not require stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework” - Warren Buffett, World’s greatest investor

 

Do you have your own sound intellectual framework for decisions and the ability to keep emotions from corroding that framework?

 

 

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.- Warren Buffet

That is Warren Buffet's Rule on money management.

I have modify his Rule to become:

Uncle8888's Rule No 1: Don't lose my capital. All stocks are risky except pillow stocks!


To understand this Rule, read these at your own time and own target. Happy reading or don't bother reading!









Read? Uncle8888's Portfolio Management


Read? Uncle8888's Pillow Strategy