Investing is not about who has a higher IQ. Investing is about who can tolerate boredom better.
If you find investing very exciting, then you are probably gambling. True compound interest occurs the moment you stop trading frequently.
Ordinary people die from:
· Chasing hot topics
· Frequent portfolio switching
· Trying to predict tomorrow
Experts win by:
· Admitting ignorance
· Mechanical execution
· Long-term holding
Most people don't want "financial freedom," but rather "getting something for nothing." But the market only rewards one type of person: those who can delay gratification.
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Investing is not about who has a higher IQ. Investing is about who can tolerate boredom better.
If you find investing very exciting, then you are probably gambling. True compound interest occurs the moment you stop trading frequently.
Ordinary people die from:
· Chasing hot topics
· Frequent portfolio switching
· Trying to predict tomorrow
Experts win by:
· Admitting ignorance
· Mechanical execution
· Long-term holding
Most people don't want "financial freedom," but rather "getting something for nothing." But the market only rewards one type of person: those who can delay gratification.