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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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 Posted: 24/Mar/2007 at 11:23am |
"If you can't control your emotions, being in the market is like walking into a heated area wearing a backpack full of explosives."
Charles Ellis
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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 Posted: 24/Mar/2007 at 11:50am |
Absolutely stunning thoughts. These are some real formulas for success. Who said there was no formula for success in investing?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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 Posted: 25/Mar/2007 at 12:01pm |
Yes, you are right. If you notice carefully, these formulae for success however have Emotion as the common & deciding factor.
After all life (& markets) is nothing but Commotion of Emotion.
Kehte hain naa, do kaano ke beech mein jo jagah hain (vacuum?) woh maayne rakhti hain.
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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 Posted: 25/Mar/2007 at 12:09pm |
Everyone has brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and stock mutual funds altogether - Peter Lynch.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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 Posted: 25/Mar/2007 at 11:45pm |
"Investors may be quite willing to take the risk of being wrong in the company of others, while being much more reluctant to take the risk of being right alone."
John Maynard Keynes
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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 Posted: 25/Mar/2007 at 11:51pm |
That was an excellent one Devesh bete,err ji.
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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
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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 Posted: 25/Mar/2007 at 11:54pm |
I request every TEDies to call me Devesh only. No ji's plz.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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 Posted: 25/Mar/2007 at 12:04pm |
Well, by now almost all TEDdies know this is one habit OMShivaya has not been able to forsake. Sorry!!!!
Dont Worry Be Happy
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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
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