Focus upon investment behaviour.
“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham
We always believe it is our investment knowledge that delivers results for us. We overly emphasize on our ability to analyze, sort and select. We think too much of analysis and too little about behaviour. But, long years in the market teach us that while analysis is essential, behaviour is what delivers big. Everybody knows the big ideas. Few handle them well. Handling involves how one copes with himself and with the vagaries of the market. The power of our investment ideas seldom changes drastically. But, our behaviour tends to fluctuate with the market. How we deal with our invest behaviour is what we need to focus upon now. Buying great stocks is not rocket science and easy to do for any of us. Holding them for very long and doing nothing is a much tougher job. We need to condition our minds to develop the right behaviour to help our investing succeed big. Good times always test our investment behaviour.
Istart: Plan. Prepare. Provide. Prioritise.