Post: Realization of One’s Abilities
I have not learnt investing the hard way. Fortunately, so many good people have helped me and I have been profitable from the word go.
First, lets discuss a basic logic. You will need this to be very very clear in your head. Till you can remember this even in your sleep, don’t go to post number 2.
-Would you allow your best friend to do heart surgery on yourself?***
-Would you allow your office boy to fly an aircraft with you in it?
-Would you give your building security guard your life’s savings to invest in the stock market?
-Would you allow yourself to invest your life’s savings in the stock market with no formal training?
Well, there you have the answer
The result in all the situations above will be disaster.
***(Yes it’s ok if your best friend is a heart surgeon )
So, first off, please know only knowledge and experience can save you from financial harakiri.
So Rule 1: Knowledge and Experience is very Important. Get real and get rid of all your confidence in your superpower abilities that you can beat millions of market participants. Then the real study can start when you understand that if you don’t have superpowers, what should you do?
-Next post to follow.