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| Capitalstars Investment Advisor |
* Make mistakes – write down what went wrong, make quick small mistakes, laugh at them, make it when you are young, and most importantly learn from them.
* Write down the learning – from investing, losing, friends, reading,….and keep a nice notebook for the same.
* Understand conflict of interest – broker, blogger, adviser, …their agenda and your agenda may not match
* Choose your area of work, and enjoy the same – the pleasure gives you the energy required to succeed
* Be Intellectually competitive by choosing an amazing array of friends
* Choose complete idiots, very sharp people, chess players, equity analysts, salesmen, lawyers, entrepreneurs (failed or successful) as friends and see your thinking improve
* Get friendly with people who criticize you
* A person who claims to be my friend bad mouths me, and now I am enjoying it !!
* Make brave decision based on 80% information and 20% gut
Review decisions based on information
Never argue with the truth, it does not work
* Teach your kids investment reviews and use their services – so that they learn and you improve
* Your kids are great at killing your ego, encourage them to do so, nobody else does it so well
When an idiot is criticizing you, concentrate on the criticism, you KNOW he is an idiot, don’t judge him every day
* Trust your intuition. Verify performance.
* Make tentative investments, but on confirmation buy real big
Don’t waste time investing 1% of your liquid net worth, does not help, it should be at least 5%
When you trade size of the trade should be worth your time..