Self reliance at the heart of successful investing
If you always look to others for confirmation that you are right you will never be self-reliant.
Part 3: Thoughts for the Individual Investor
A special talent for converting life’s setbacks into future successes
The most successful sailors are those who have a particular mindset in how they deal with the setbacks.
The best performance is produced by a person and not by a committee
Doing what everybody else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all
The bitterest way to learn investing wisdom
If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.
Superior investment performance – what it takes – part 2
As an individual investor I have to recognize that I am unlikely to think of something the brains of Wall Street haven’t thought of, or see things the brains of Wall Street have missed, or have insights they don’t possess.
Superior investment performance – what it takes – part 1
No doubt some qualities are ‘bred in the bone’. But, it also seems some children learn how to be more confident, to have higher executive control and to be more willing to trust experimenters who offer double treats.
Moderate risk tolerance
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
Loving lack of visibility
Things are almost never clear on Wall Street, or when they are, then it’s too late to profit from them.
DIY investors are not the patsies at the table
The tech fund managers could only hold their noses and invest the money in whatever stock was available that fitted the description ‘tech stock’.
Experience and becoming a really successful investor
You can continue to learn and improve your investing skills year after year.
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