Welcome to Psychology of Investing.
“Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risks. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely.” - Morgan Housel
There ain’t any mention of Valuation skills, CFA/CA designations, Excel proficiency, coding skills, knowledge of algorithms, or any other fancy skillset. If you have these, it’s an added advantage. But you could land up saving a lot and compounding it to become a lot more with a solid grip around the psychology of Investing. Without the right mental models, you’ll become the patsy, and trust me, there ain’t any glory in that.
So hop on and enjoy the joy ride.
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