If you always look to others for confirmation that you are right you will never be self-reliant.
The most successful sailors are those who have a particular mindset in how they deal with the setbacks.
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
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.
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.
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.
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
Things are almost never clear on Wall Street, or when they are, then it’s too late to profit from them.
The tech fund managers could only hold their noses and invest the money in whatever stock was available that fitted the description ‘tech stock’.
You can continue to learn and improve your investing skills year after year.