Independent thinking is not just helpful in becoming a successful investor, it’s required.
For investor confidence, it is important that there is certainty about the future of Ireland in E. U.
Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.
If the investor is uneducated, anything he or she invests in will be risky. So it's not the investment that is risky. It's the investor.
For the taxable investor, indexing means never having to say you're sorry.
As an investor I cannot tell that. We cannot predict the success or failure.
The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.
Of one thing the investor can be certain: A large company's need to bring in a new chief executive from the outside is a damning sign of something basically wrong with the existing management - no matter how good the surface signs may have been as indicated by the most recent earnings statement.
You say: "I'm a blue sky thinker. " Investor thinks: "You have no business model, and you don't know how to ship. "
. . . a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
The ability to say no is a tremendous advantage for an investor.
It is the duty of the long-term investor to endure great losses with equanimity.
As an investor my job is to figure out what will happen rather than what should happen.
The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.
An investor needs to do very few things right as long as he or she avoids big mistakes.
It is only by understanding the emotion of others that an investor has a chance to produce superior results.
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.
But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual investor who would disagree with the thrust of EMH: The stock market itself is a demanding taskmaster. It sets a high hurdle that few investors can leap.
It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
You don't need every investor to believe that you can succeed. You only need one.