what makes people do stupid things? like an employee cheating at work when they will get caught surely. Like people investing when markets are climbing like crazy. Don't they realize there is big downside risk. How sure are we that the downward wave will not drown us. The one main instinct that investor need to develop is SURVIVAL.
You need to survive the constant media blitz, bombardment of analyst advice, temptation to jump in with two feet.
How to develop this instinct? start with your gut feeling. then take a lung full of deep breath and think again about your investment philosophy statement.
http://www.subramoney.com/2008/02/secret-of-successful-investing-philosophy-statement/
Warren Buffet."I don't look to jump over 7-foot bars, i look for 1-foot bar that i can step over"
You need to survive the constant media blitz, bombardment of analyst advice, temptation to jump in with two feet.
How to develop this instinct? start with your gut feeling. then take a lung full of deep breath and think again about your investment philosophy statement.
http://www.subramoney.com/2008/02/secret-of-successful-investing-philosophy-statement/
Warren Buffet."I don't look to jump over 7-foot bars, i look for 1-foot bar that i can step over"
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