Read? Why do we often make fair but not excellent investment decisions
9. "All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out."
10. "If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you."
Right! Cashing out to serve to me i.e. 100% cash payouts from stock operation to Cash Reservoir.
Read? From Growth To Income Stock Operator in SGX
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Hi Uncle8888,
ReplyDeleteAh~ view from your mountain peak. Fantastic view :)
I am still climbing the mountain. >.<
Looking at your "many many rounds", am I right to say that there are more "buy" than "sell"?
Buy - Sell > 2 is SUCKING Thumb! Must bring down to BUY - SELL <= 2 then :-)
ReplyDeleteCW,
ReplyDeleteI see someone is not a Buy and Hold (forever) acolyte ;)
But then, not many can be like Peter Lynch to walk away at the top...
Quite a few of his peers overstayed their welcome, "had to" retire their funds after a string of subpar performances, with their reputations, diminished.
Such is life.
Quitting when we are ahead is not the same as quitting.
Some quit from managing OPM to managing own money. Own money. Own KPI. Don't need to make other people happy. Ownself happy. Can liao!
DeleteYeah, few big winners is sufficient. That is also the same philosophy of Jeff Bezos when he run Amazon. He wanted to try all types of biz, bcos he feel that all he need is a few biz of the many he chosen succeed and boom, and Amazon can concur at least half the world.. that is why he has been doing!
ReplyDelete