Get rid of the addiction of 'listening' to experts
Listening to experts is almost like an addiction for most stock investors. While many don’t even realize that they are addicted to this, others who have experienced that experts don’t win for them, are wondering how they can ever get out of it.
Don't forecast future stock prices, Analyze a company's ability to earn future profits
Forecasts are difficult to make especially those concerning the future. In today’s world stock investing has become synonymous to forecasting! But the key to successful investing is having an analytical approach towards your investment, rather than forecasting daily price movements based on market scenario and sentiments.
To enjoy the fruits of stock investing, be like a fruit orchard owner
To be successful in investing, you need to have the right mind-set. And the mind-set that will give the highest chance of success is that of somebody owning a fruit orchard. In contrast, having the mind-set of a fisherman or vegetable farmer is unlikely to work in stock investing.
Information, like antibiotics, works best when consumed in the right dosage
Information is like an antibiotic. An antibiotic over dosage can have varied effects on our health, from causing complications to being lethal. But what’s so disastrous about having an information overload.
Shopping in the stock market without a list can be disastrous
When planning our stock investments, we cannot afford to have the same casual approach that we have while shopping. Because, going to the stock markets without a predefined list will leave a big hole in our pockets.