03-01-2017, 08:20 AM
(30-12-2016, 08:09 PM)thinknotleft Wrote: I have read Nasim Taleb's 3 books; I like his Greek stories in his books. Its psychologically very difficult to invest like him, where u lose money most of the time until you hit a black swan and make money.
Ha! Ha!
Invest like him is really psychologically "insane" but the if you are sane all the time why invest in the market?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.