Investing comes with pain

It is therefore essential not to mind when your investments hurt you at times.

Losing money can make you gloomy.
Your investment success may not have come solely from skill.
There will be doubt among your investors, co-workers, spouse, friends, and self during underperformance.
Realising all the risks you never considered can make you miserable.

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Investing: Understanding the broader context

A rare skill is to align your peak-wealth years with a generational collapse in interest rates, the Fed becoming comfortable with quantitative easing, and falling marginal tax rates.

Also, the ability to understand the historical context of what it was like in other times will help you app...

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Good investing: Protect yourself from FOMO

Most good investing is about keeping your investment for the longest time possible. If you want to buy an investment just because its price went up, you probably don't know why it went up and will sell when it goes down.

Refrain from the need to own whatever goes up the mo...

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Good investing: Understand the game you're playing

Investors on the same field often play different games. Even investors who think they're playing the same say have widely different goals and risk tolerances.

Most investing debates reflect investors playing different games and missing each other in conversation. I...

354 reads

Good investing: The difference between patience and stubbornness

Two truths:

Every asset goes through temporary out-of-favour periods.
The world continues to change, and some things will fall permanently out of favour. Investing strategies that have worked for decades will stop. Industries will go through...

272 reads

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