31-05-2015, 02:45 PM
Dear all,
I was watching a Peter Lynch interview. Then after that youtube suggested this video "top 10 mistakes made by entrepreneurs" https://www.youtube.com/watch?v=gtHZUr3mdlY .
Quite insightful. Shows the learning and getting up processes after failing.
One of the best part was at 36 min. Gurbaksh Chahal in the panel was saying that JK Rowling got rejected 7 times from her first book. Like in any learning or growing up process, it is important to understand "our pain tolerance". And, a constant reminder that we may not necessarily get it right the first time.
What I find more important is, we have to have conviction in what we do (in this case and forum, that is to invest). I realise it is with conviction that we do not waver and end up questioning the rationale behind the recent decisions made. A stock investor's greatest enemy is himself and his best friend is also himself.
Being humans, we are prone to making mistakes. To quote Peter Lynch, if he is to be wrong 1/3 of the time, he is fine with being right 2/3 of the time. The investment journey is really enlightening.
During a recent XXX Ltd stock purchase at $xxx, I asked a friend why he wouldn't want to buy. I told him what I believe made sense and especially the founder's purchase. He didn't act on it, while I did what I believed in and the rest is history. Price appreciated significantly within weeks.
Have fun.
I was watching a Peter Lynch interview. Then after that youtube suggested this video "top 10 mistakes made by entrepreneurs" https://www.youtube.com/watch?v=gtHZUr3mdlY .
Quite insightful. Shows the learning and getting up processes after failing.
One of the best part was at 36 min. Gurbaksh Chahal in the panel was saying that JK Rowling got rejected 7 times from her first book. Like in any learning or growing up process, it is important to understand "our pain tolerance". And, a constant reminder that we may not necessarily get it right the first time.
What I find more important is, we have to have conviction in what we do (in this case and forum, that is to invest). I realise it is with conviction that we do not waver and end up questioning the rationale behind the recent decisions made. A stock investor's greatest enemy is himself and his best friend is also himself.
Being humans, we are prone to making mistakes. To quote Peter Lynch, if he is to be wrong 1/3 of the time, he is fine with being right 2/3 of the time. The investment journey is really enlightening.
During a recent XXX Ltd stock purchase at $xxx, I asked a friend why he wouldn't want to buy. I told him what I believe made sense and especially the founder's purchase. He didn't act on it, while I did what I believed in and the rest is history. Price appreciated significantly within weeks.
Have fun.
