Strategic thinking, plans and a punch in the mouth
And here’s the difference between the bursting of true stock market bubbles and other stock market routs. When the Dot Com bubble burst it took many many, years for the fallen to recover.
personal qualities
Legendary investors’ approach to market plunges
Like rainy days, we simply have to prepare ourselves and put up with them. And like rainy days, if we are in the umbrella business, we can take advantage of them.
The right stuff and successful investing
A lot of people talk about patience, discipline, and courage, but curiosity is one of the reasons great investors find the things they do, and it is also consistent with being a contrarian
Not everything that counts can be counted
It is difficult to accept uncertainty. It is tempting to try and escape it by kidding ourselves and each other, but that is liable to land us in greater difficulties.
The Optimism Bias paradox
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful
The intelligence of successful investors
The mistake many make is to think investing is only about numbers. We invest in businesses, not in financial statements.
Investing when others are fearful
Here were financial people who could seriously consider stocks less safe because they have declined in price
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.
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 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.
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