fear and greed, investing advice, literature, Nosce Te Ipsum, portfolio performance, readers, reading, South Sea Bubble, Warren Buffett
Continued from here.
I encouraged you to ‘Read, read, read & then read some more (’til you puke..!)’, and in return I promised you’d gain:
i) Knowledge, Experience & Inspiration
Readers appeared to enjoy the post, but perhaps it was a bit of a cop-out… ‘Cos there’s plenty of great investors who’ve already highlighted how much you need to read if you aspire to be a great investor too. That’s obviously excellent advice, and I probably didn’t add very much to it. But perhaps I can offer something valuable here – I believe there are two far more important benefits to reading. I should warn you, I’ll be writing about these from a far more personal perspective – so there’s definitely a chance they may not appeal to, work for, or even make sense to you (as an investor). That being said, it’s always worth remembering investing is ultimately ‘an art, not a science’:
ii) Nosce Te Ipsum
How often do you encounter people who are formidable experts in dispensing advice…but appear incapable of following their own advice? Dare I ask, maybe you’re one of those people?! But honestly, we all do it sometimes – when it comes to other people’s problems we have the wisdom of Buddha, but in our own lives we all too often make poor decisions, we deceive ourselves, we procrastinate, we trip ourselves up, etc.