he most important quality, in our opinion, is humility. We must recognise that there are a zillion ways to go from point A to point B, and ours is just one of them. It is rather immature to assume that what we are doing or our choices are the best.
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I came across an neat article which actually gives a quick reality check which every investor must have in the process of building wealth.
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True humility allows you to plot Point A and accept that risk and failure are part of moving to Point B.
One may think of oneself as an authority on whatever knowledge has been attained over the years (and assume that our brains are perfect), but one must not fall in the Dunning-Kruger Effect where one’s own knowledge is considered superior and versatile, making them blind towards their own ignoranc...
Humility is the recognition that we are all flawed human beings. It is also the willingness to learn from our mistakes and to grow as individuals.
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