I’ve always believed that there’s more wisdom, insight and instruction to be found in your day to day experiences and results than you will ever find in any book.
There’s much more you can learn from your own life and from the lives of people around you, then you would from the eminent alive and the eminent dead.
But you must pay attention. You must be conscious. You’ll see and learn nothing with your eyes and mind closed. And because it’s your life that’s providing the information, wisdom, insight and instruction that I speak of, it’s all totally specific to you. No book is going to give you that!
This also holds true of your stock investments.
What lies already inside your portfolio says a lot about you.
Whether you are greedy by nature, or patient? Whether you love gratification instantly, or are happy delaying the same? Whether you treat the stock market as a long-term wealth creation medium or just a casino?
The most honest answers to these questions lie inside your portfolio, and you already know them deep inside you.
After all, how you buy your stocks is a reflection of how you live your life.
Of course, we always try to become someone else than what we are in the present, and there is neither knowledge nor acceptation of what we really are.
That’s the reason, however desperately we want to change ourselves for the better, we don’t succeed in the same.
We simply don’t take hints from what our life, actions, habits, and stocks are telling us.
You see, the lessons you are seeking on creating a better future – and a better financial future – won’t come from Swami Vivekananda, Buddha, Buffett, Munger, Prof. Bakshi, or anyone else (me included).
The answers are all within you, and in front of you.
Maybe it’s time to pay attention. 🙂
Pay Attention: While your financial future depends entirely upon you, I can definitely be of some help. 🙂 Like, if you want to make better, well-studied investment decisions, you must know how to analyze financial statements. You can learn the same by joining my special 2-months course on the subject. Click here to join now, and avail of the 25% early bird discount!
A very wise thought Vishal.
In the long run, stocks in our portfolio reward (or punish) us in accordance with what we really are.
Thanks Dev!
It may tell about ones investing behaviour for sure.
But I doubt fully about a person.
Hi Sudhir, your investing behaviour is but a subset of your overall behaviour. If you are impatient in real life, that will show in investing as well. Isn’t it?
Not everything, but the way we invest tell some things about us.
A great investor need not be a great human being. Having said that, there are enough life lessons to apply whether you are investing in – stocks, human relationships or in plain simple living. As you articulated so well – answers are all within YOU.
Indeed RKC!
Good one
Since the inception of stock market, there are many companies which have created wealth big time…also many cheated investors big time..for every quality stock like Wipro,TCS, etc u have equivalent duds like Satyam, Kingfisher, Suzlon, SKS Microfinance, etc..I have a question about the knowledge average retail investor/ financial advisor gets about sock market and the intention of the Govt in allowing the door of Stock Market to both of them.
PPF interest used to be an upward journey with 3% since inception to 12% till 2000. Just Imagine 12 % tax free return with complete peace of mind for the investor..If govt was able to provide 3-4% extra return above the inflation rate, then also that is a decent return. Why is govt and Financial Institutions asking retail investors to join the stock market, Are they incompetent to provide this return like any other basic necessities of Roti/Kapda/Makaan for Average Indian?
There are many things that Govt can do and one of them is to first make the retail investors and so called financial advisors to pass some basic test(on safal niveshak portal) and… then ONLY allow them to invest in NSE/BSE(advise people how to invest in BSE/NSE)… 🙂
I dont have much idea on stocks, and I dont practice much… but I have gained some confidence by the knowledge shared through the portal.. Thank You Vishal..