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19-11-2012, 10:31 PM
Hi Temperament,
Truly agreed with what you had said, but I never read the book you mentioned. This will be how I interpret the 3 points: Longevity or Time for learning or for investment to roll (compounding effect); Deep pockets to take advantage of opportunity when arises; Luck with some of the choice of investments. (I think) I have time (learnt from 2008 crisis), but no deep pockets (only 30% cash to take advantage of any possible opportunity from the current market), and certainly not much luck in choosing stocks. Thus can only rely on shares that give good dividends to provide me with (hopefully) a reasonable return.
Truly agreed with what you had said, but I never read the book you mentioned. This will be how I interpret the 3 points: Longevity or Time for learning or for investment to roll (compounding effect); Deep pockets to take advantage of opportunity when arises; Luck with some of the choice of investments. (I think) I have time (learnt from 2008 crisis), but no deep pockets (only 30% cash to take advantage of any possible opportunity from the current market), and certainly not much luck in choosing stocks. Thus can only rely on shares that give good dividends to provide me with (hopefully) a reasonable return.