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Tuesday, 15 March 2011

How to Invest Successfully

In Warren Buffet's preface to Benjamin Graham's book (his mentor), The Intelligent Investor, he wrote this:

"To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework."

Football betting and investing stock is the same in this aspect. Two questions here:

"Do you have a framework for making decisions?" - What is your strategy in making decisions?

"Are you letting emotions corrode the framework?" - Do you stick to the plan even when results are against you?

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