Disclaimer: This article is a piece of satire, a figment of my imagination. But it is still an expression of what I see in the real-life stock market and how most people behave when it comes to investing their hard-earned money. Any resemblance to any living person is purely coincidental, though I would love to meet that person and interview him.
Today is January 1, 2045…so happy new year, tribe members. I hope you had a great start to the year, and hope that you manage to take your resolution(s) past the first 30 days of January.
Anyways, I recently got a chance to interview one Mr. X (not his real name), who has been in the stock market for the past 35+ years – starting 2007 – but has NOT been able to create wealth over such a long time. In fact, net-net, he has been a loser after more than three decades of playing the stock market. And he continues to play it, as he believes that there’s no easier way of making quick money.
I love the patience and perseverance that he has shown all these years in losing money and never learning from his mistakes. And that’s why I thought he was a great interview material. Why?
[Read more…] about My Interview with Terrible Mr. X – Lessons on What NOT To Do in Stock Market