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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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

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Friday, 24 January 2014

Mark Sellers Speech: So You Want To Be The Next Warren Buffett?



Mark Sellers Speech: So You Want To Be The Next Warren Buffett?


7 traits of great investors


  • Trait #1 - The ability to buy stocks while others are panicking and sell stocks while others are euphoric.
  • Trait #2 - A great investor is that he is obsessive about playing the game and wanting to win.
  • Trait #3 - The willingness to learn from past mistakes.
  • Trait #4 - An inherent sense of risk based on common sense.
  • Trait #5 - Great investors have confidence in their own convictions and stick with them, even when facing criticism.
  • Trait #6 - It's important to have both sides of your brain working, not just the left side (the side that's good at math and organization.)
  • Trait #7 - The most important, and rarest, trait of all: The ability to live through volatility without changing your investment thought process.


CW8888:

Lucky 7:  How many of us can smoke it without shrinking our balls?


 

5 comments:

  1. Mark Sellers was the Lead Equity Strategist for Morningstar, Inc. He left Morningstar and started his hedge fund in 2003. He closed his fund in 2008 after some tough time. "What I've learned about the hedge-fund business is that I hate it," says Mr. Sellers, according to an article on Wall Street Journal in 2008.

    What does it mean?

    Many of us will know the theories well enough but few can pass the practices.

    ReplyDelete
    Replies
    1. CW,

      It means we are mortal - even those who had a great run.

      At least he tried it and discover managing money for OTHERS is not fun. Now he can concentrate on "what's the worst case scenario for starting a hedge fund"?

      Going back to investing his own money isn't that bad ;)

      Life has it's ups and down. Who didn't lose money during 2008/09 raise your hands!

      I thought as much.

      Delete
    2. i lost money too. i look like a fool for going in too early- lost up to 40 to 50 % at the worst of time. that was 6 march 2009.
      Phew! Thank God i survive to talk to you all.
      Shalom.
      Amen

      Delete
  2. Lose money is normal but don't go bankrupt

    ReplyDelete
  3. No lah, i am always prepared. Stocks chosen in a Bear Market should and "must" be able to hibernate through winterS.
    And unlike when i was young(actually not young at the age of forty) i loaned almost all my worth (my capital) to the market. Boh Kiasi at that times; may be because we were DINK and FOD.
    Now leh.....Hmmmm...

    ReplyDelete

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