Investing for me is a long term game…therefore, for me personally I am more impacted by the behaviours and investing style of Buffet and Peter. They subscribe to simple and value investing where one should do their deed at present and then almost passively see their investment make money.
For example:
Peter Lynch encourages people to buy what they know by understanding their natural advantages. IF we don't understand a company and we can't explain to a 10 year old in 2 minutes or less about that company, then DON'T buy it.
And Buffet believes in the fact that “If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring”
Finally, no one is always correct therefore one should subscribe to the fact about the value of your errors vs to value of your accuracy. Just like this legends have said and done previously there is no shame in admitting your errors.
Comments
Nice comment