Inspired By CEO ·
First of all, investing means different things to different people. That is why it seems so confusing? What most people call investing is not really investing? People are all talking about different things yet they often think they are talking about the same thing.
No One Is an Expert at Everything
Investing means different things to different people. There is no one person who can possibly be an expert at the entire subject. There are many different investment products and many different investment procedures.
Everyone Has a Bias
A person who is good at stocks will say, “Stocks are your best investment.” A person who loves real estate will say, “Real estate is the basis of all wealth.” Someone who hates gold will say, “Gold is an obsolete commodity.”
Then you add procedure bias and you really become confused. Some people say ‘Diversify. Don’t put all your eggs in one basket,” and still others such as Warren Buffet, America’s greatest investor, says, “Don’t diversify. Put all your eggs in one basket and watch that basket closely.”
All of this personal bias from so-called experts adds to the confusion that shrouds the subject of investing. Read more
Inspired By CEO ·
In this world, mistakes are perceived as bad and to be avoided. However in the world of deduction, the more mistakes a person makes, the less intelligent that person is thought to be. In the worlds where all the business deals, a mistake actually is opportunities to learn something new, something that you did not know before.
The more mistakes a person made, the more the person learned. Some people actually said, “There is bit of magic hidden in every mistake. So the more mistakes made, actually is time to learn from.