Failure to execute, or knowing what we should do yet fail to do so is one of the biggest challenges for long-term investors. We all have our fair share of regretful experience doing things as a result of short-term temptation. How can we have more self-control? These are the two ways that might work for […]
“Buy things that you understand”, “Stick to what you know”, or “Stay within your circle of competence” – We hear these advises all the time so we don’t invest in stocks we know little about. But what define understanding? How do we know if we truly understand a business? If I know Apple designs, develops, […]
PDF Version *** When Warren Buffett wrote that investors should have their eyes on the playing field instead of the scoreboard, the emphasis is to focus on what’s hugely important. At the same time, perhaps, his message is more than just how one should use their time, but the peril of constantly checking the scoreboard, […]
I got a car from a nearby dealership the other day. As part of the sales routine, the sales manager offered me a 5 years warranty against any unexpected repair for $2,000. Should I take it? If the car doesn’t require any substantial repair within that time frame, that’s money down the drain. But what […]
PDF Version *** There are two ways to learn to invest. You can study success. What do successful investors do? What do they have in common? What traits contribute to their achievement? You learn through examples by following the path of those who have succeeded. Or you can study failures. Those who lost everything. How […]
PDF Version *** The role of an active investor is to compound return at a rate higher than the market over the long-term. To achieve that, you have to be right and non-consensus. Both require making good decisions. And good decisions comes from learning how to think well. Good thinking can only be achieved through […]