First part here
http://klse.i3investor.com/blogs/stockman/96091.jsp
Second part here
http://klse.i3investor.com/blogs/stockman/96262.jsp
Here we talk about super investor
How to be successful investor
Things don't always go one's way but super investor has the following characteristics:
- complete understanding of risk aversion and how risk aversion plays trick on people's mind
Here is a good article on the dangers of risk aversion from the Harvard Business Review
https://hbr.org/2013/07/hidden-danger-of-being-risk-averse/
- stays focused and not easily distracted by noise and other things going on with other people shares
- do lots of homework, extended networks, verification and confirmation
- belief in one self and facts
Theory is easy
Just like the theory of share valuations
But to be successful investor, lead a good life, stress free life,
That is some thing else all together.
There are insights and hints
But everyone has to find his own path.
A super investor has to be one who hit hard when opportunities arise.
Every day every year present different opportunities.
But even a super investor cannot make money everyday, every year.
It is a fallacy to think that just because one is a successful investor, he can make money everyday.
A super investor distinguishes himself by his ability to make big money when the opportunity comes......some times it may take a few years before the opportunity arises.
A super investor is not a trader so don't expect the super investor to be right with every trade.
It is not how often or low a person can buy that makes the difference.
The end result is determined by how many shares a super investor buys when he is right., and his ability to ride the trend when he is right.
Icon8888
Looking forward to Part 4
2016-05-11 20:37