The more I read about investing, the more I realize what all I have missed in the past 7-8 years. Apart from building wealth, by investing, especially in the stock market, one learn about oneself a lot.
Psychology and Philosophy have as much, if not more role to play in this discipline as knowledge of finance and statistics. It requires patience, and being calm under pressure especially when the market is going down and you see your wealth getting reduced because of market madness. My senior in the company, who actually pushed me in this direction, tells me that it's all about having stomach, to be able to stick to your beliefs when everyone else is telling you otherwise.
Also, the more I watch the Youtube lectures of famous investors, or read their essays and letters, the more I realize that none of them ever offer any stock advice but stick to talking about the principles which made them achieve superior returns.
It's an interesting and challenging field. And it's difficult. Which is why it's so much fun!!
Psychology and Philosophy have as much, if not more role to play in this discipline as knowledge of finance and statistics. It requires patience, and being calm under pressure especially when the market is going down and you see your wealth getting reduced because of market madness. My senior in the company, who actually pushed me in this direction, tells me that it's all about having stomach, to be able to stick to your beliefs when everyone else is telling you otherwise.
Also, the more I watch the Youtube lectures of famous investors, or read their essays and letters, the more I realize that none of them ever offer any stock advice but stick to talking about the principles which made them achieve superior returns.
It's an interesting and challenging field. And it's difficult. Which is why it's so much fun!!
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