$Tiger Brokers(TIGR)$ To me with some things like decorating your home or wearing clothes less is often more. There's another old saying that goes "a little knowledge is a dangerous thing" and I think that's really applicable to stock investing. Knowing nothing is often better than knowing something.
As an emotional investor, I would argue that investing intelligently requires knowing enough that you know what you don't know. To know everything you don't know requires that you know a lot. In my early 20s for example i decided I needed to figure out women, this task I believed would be complex so I gave myself a year. Now I'm in my early 50s and I know a lot. But I still am not at the point where I know what I don't know. I do know one crucial thing though, even a woman can't explain what a woman is, so what chance does a man have. If I had access to Pandora's box I think I would open it and discover that a woman is a paradox wrapped in an enigma.
No offence ment here, I'm actually being very tongue in cheek. But let me bring the post home... investing in stocks I believe requires, no matter what technique you use, knowing enough that you can actually write down what you don't know.
With dividend investing I can do this, technical analysis... well I don't even know enough to be dangerously incompetent. With options trading sadly yes I have enough knowledge to be totally wrong. But having the knowledge that knowing a little is dangerousness brings a level of intelligence in truth worthy. So in conclusion let's list the rules of knowledge according to me.
1. Knowing nothing = a bet on black or red at the casino
2. Knowing something = dangerous incompetence
3. Knowing enough that you know what you don't know = an intelligent investor
4. Knowing everything = knowing nothing, because you now think you are invincible, time to sell you tube courses with pictures of your houses, holidays, super yachts, flash cars and bimbo wives. If you ever think you know everything, then you're invincible. Until you are not.
Happy trading tigers
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- Emotional Investor·07-11Forgot to say, knowledge is a journey, not a destination. Anyone that exclaims they know everything is obviously an expert. The definition of an x pert is a drip under pressure. True knowledge is realised through an ongoing journey , the concept of finality, just following these ten rules and you will be a millionaire…. Cow poopLikeReport
- Samlunch·07-11Important to know what is enough, and when enough is enough! All the best in your investing journey!2Report