Being patient is key to successful trading and investing.
Sunday, April 22, 2012
What makes a good investor
Good Investors are are not exceptionally clever, nor are they especially driven.
However, they are:
1. At peace with themselves - they enjoy happy marriages and blissful family lives
2. Know their limits - never chase after share price
3. Make big bets when blood is on the streets
4. Go in with eyes wide open - they observe consumer habits and make careful note of trends
5. Do not accept analyst reports at face value
6. They do not invest if they do not understand what is going on
7. Have ready cash reserves to take advantage of opportunities
Adapted from "Don't go chasing stock tips" by Goh Eng Yeow. This article appeared in the Sunday Times on 22 Apr 2012.
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