The psychology of investing
Been busy at work. Really busy. 120% effort. Siao!
Finished 2 of the library books. Lets do a recap on “The psychology of investing”.
Points to note :
1. Pride & Regret leads to selling low and buying high
2. Overconfidence leads to blindspots and over estimation
3. Trust your mathematics. 1+1=2, never 3, no matter what everyone else is saying
4. Probability will win over luck in the long run
5. Be an investor not a trader
6. Don't bother buying rising stocks. Its usually over-valued once you notice it.
7. Look at the interactions of your portfolio. All stocks act in tandem. Look at the Big Picture
8. Diversify
9. Self-discipline
Been hiding at home after work since Monday. Hermit Life.
Finished 2 of the library books. Lets do a recap on “The psychology of investing”.
Points to note :
1. Pride & Regret leads to selling low and buying high
2. Overconfidence leads to blindspots and over estimation
3. Trust your mathematics. 1+1=2, never 3, no matter what everyone else is saying
4. Probability will win over luck in the long run
5. Be an investor not a trader
6. Don't bother buying rising stocks. Its usually over-valued once you notice it.
7. Look at the interactions of your portfolio. All stocks act in tandem. Look at the Big Picture
8. Diversify
9. Self-discipline
Been hiding at home after work since Monday. Hermit Life.
posted by 逍遥老头 at 5:51 AM
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