Category: Investing
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investing is simple: Diversify, buy and hold, keep costs low.
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26 investment lessons in 30 years by Jim OShaughnessy
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So rationality is: Across a broad range of disciplines, you know what works and what doesn’t and why. Charlie Munger Source: https://www.wsj.com/articles/charlie-munger-unplugged-11556935195
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We’re never going to close the wealth gap by bringing down those at the top. We have to bring up everyone else, especially those at the bottom. Source: https://theirrelevantinvestor.com/2020/10/25/who-owns-the-stock-market/
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We progress at night when the politicians sleep. Brazilian saying
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The true investment objective of growth is not just to make gains but to avoid loss. Fisher, Philip A.. Common Stocks and Uncommon Profits and Other Writings: 40 (Wiley Investment Classics) (p. 196). Wiley. Kindle Edition.
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hubris
Excessive pride or self-confidence, often entailing a loss of contact with reality and an overestimation of one’s own capabilities, especially on the part of those in positions of power. Webster’s dictionary, 8th Source: http://www.crossingwallstreet.com/archives/2012/08/how-to-spot-financial-fraud.html
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“The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism. The intelligent investor is a realist who sells to optimists and buys from pessimists.” Benjamin Graham
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Your expectations grow slower than your income. It’s the only way you’ll feel wealthy regardless of how much money you have. Taken from https://www.collaborativefund.com/blog/alternative-forms-of-wealth/
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Sell the winners? Sell the losers?
One of the first questions you have when you begin investing on stocks is: When should I sell? and there’s not right or wrong answer to this question, it always depends, but lets about the two main reasons why peoples sells their stocks: – Sell when the stock’s price is high (a winner) But why…