Writers are spies. Outsiders. Believers in the turning pages.
Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
So Far,So Good. . . . . . . . . . . . . . . . . . . . . . . . So What?
People don't want information; they want epiphanies.
And if I would have taken lessons I probably wouldn't have done it, and what forced me to do all this weird stuff on the guitar was I couldn't afford effects pedals, I didn't have all this stuff when I was a kid so I just tried to squeeze all the weird noises I could out of the guitar, which brings me to building guitars.
I used to think that my career was to be a police officer, and that is what I was put here to do. But I always kept the faith and always worked hard on my goals and I finally found out on Sept. 25, 1998, why I was put here - (God) called me here to be Mr. Olympia.