Read? Short money rules
If we strongly believe the truth of the combination :
3. Good investing is 50% psychology, 48% history, 2% finance.
AND
“Superior investors are people who have a better sense for what tickets are in the bowl, and thus for whether it’s worth participating in the lottery. In other words, while superior investors — like everyone else — don’t know exactly what the future holds, they do have an above-average understanding of future tendencies.”
– Howard Marks, Mastering the Market Cycle
Good investing is 48% history and above-average understanding of future tendencies.
Is that simply mean we should be waiting most of the time for market cycles to turn into opportunities to deploy larger war chest?
4 Great investing is 40% skill, 20% luck, 40% inability to tell which is which.
You should already have that 40% skill if you are good investor!
What you need is that 20% luck!
For those JUST started investing near market low of that market cycle; should we say that they are lucky i.e. 20% luck!
But; for those are already in the market across market cycles; then how to get lucky as those in the future who have JUST started investing near market low at the next market cycle?
Think hard!
How to get lucky and make luck with your own hand?
You know how?
Posts
Ha! Ha!
ReplyDeleteA good piece of talk male chicken.
But i like best after the 60 % the last 40% of the inability to tell which is which.
In fact i think the last 40% can easily eats into the first 40% most of the time.
LOL!
The last 40% is for those made it big to say what they want ie luck or skill
ReplyDeleteCW,
DeleteOne needle pokes blood!
:-)
Delete