Take with a pitch on salt whatever so called experts on the TV or in the internet say or recommend. Apply your mind for rational judgement. There is no free lunch, one has to go through the pain of learning through experience before making it big.
Joined: 15/Jun/2009
Location: India
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Posted: 14/Jan/2010 at 11:14pm
My most profound insight is to research a stock and prepare a comprehensive article in favour/against investment in a company and think whether it is investment worthy or not.(I often post the articles where I find the company investment worthy on ted).
One has to be fully convinced about investment decision and that will help one in sticking to the decision in times when others(sometimes markets too--often for only short periods) may oppose your view.
Basic idea is given by Peter Lynch in his book: One Up on Wall Street, Chapter 11-- The Two Minute drill. I do this drill by putting my synopsis on ted.
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
Joined: 06/Feb/2009
Location: India
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Posts: 1868
Posted: 14/Jan/2010 at 9:14am
I had two learning apart from mentioned earlier on this thread..one needs to have clear objective and exit strategy before coming into the market.
For making some serious money one need to bet heavily in winners and sit tight for adequate amount of time.
i did invest and made few multi baggers(5-7 times) but that was not enough to make me rich..
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
Joined: 06/Sep/2006
Location: India
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Posts: 5966
Posted: 15/Jan/2010 at 7:43pm
My profound learnings
1. Always listen to Basant jee when he speaks with so much love for the CNBC anchors.
2. Keep myself updated on all the latest Kulman sir's jokes
3. Sit tight on all my investments
Edited by omshivaya - 15/Jan/2010 at 9:45am
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
1. Always listen to Basant jee when he speaks with so much love for the CNBC anchors. 2. Keep myself updated on all the latest Kulman sir's jokes 3. Shit tight on all my investments
Hello Sir,
I think you meant Sit tight on all invesments.
Regards
Ravi
You think you can or you can't both ways you are right
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