Just For Thinking ....
Read? Learning or improving your investing knowledge and skills from Financial Bloggers and Forumers???
The Ugly Reality of following the money without in-depth knowledge of your Role Model
I believe the most quoted legendary investor is Warren Buffet and most admired Role Model.
BUT .....
Warren Buffet has a very different investment objective from some of us. He is looking at super-long term and able to be in a position for decades. Buffet can wait out a losing position or absorb the losses without the undue emotional pain. You can or not???
Same as following forums and bloggers.
Three realities that matter:
- Know your Investment Objectives and their Investment Objectives
- Know your Investing Horizon and their Investing Horizon
- Do you know their Account Size? In investing or trading, account size really matters.
Posts
"Three realities that matter:"
ReplyDeleteOf course the above matters a lot. But i think the most important of all, "know thyself" first.
“知彼知己，百戰不殆；不知彼而知己，一勝一負；不知彼，不知己，每戰必殆" and "知之为知之,不知为不知,是知也"
Sun Tzu.
Another words you have to find yourself first before you can be successful in any endeavour.