Just For Thinking ...
Investing in the stock market is like doing Maths
We can easily find the right answers!
Of course, by turning to the Answer sheets at the back of the Maths books.
But, knowing the right answers will NOT earn full marks from your Maths Teacher.
To score full marks you have to show your working steps to arrive at the right answers.
Same as investing. Most of us will know what are the right Answers!
But, knowing the answers is not enough!
Do you know the working steps to arrive at the right answers?
Posts
Investing is easy, not simple.
ReplyDeleteIt is part science and part art.
For the science part like math (accounting), it can be taught and adopted with practices. You will get the right answer. Inevestors can use financial tools to help to close this gap.
Warren Buffett: We just need to use +-*/, less the greek word like (x+a)^n=∑_(k=0)^n▒〖(n¦k) x^k a^(n-k) 〗
However on the art part, it is mind control. One have to learn and master to control the greed and fear. This is the difficult part of investing.
Well Put.
ReplyDeleteThe actual difficult part is you already knew you should not "do it" but you did it (Greed).
And you also knew you should do it but you didn't (Fear)
Who can claim he never, never "do it" and never, never "didn't?
Ha! Ha!
It's only O. K. if you have prepared how to survive first.
So a market investment veteran said, "Before you start, the 3 BESTS to have are,
1) Deep pocket
2)Luck or God Blessings
3)Longevity
But how many of us are fortunate have all 3s?
Shalom.