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Showing posts with the label Dalio

My investing muse - Reading our way into investing success (07Jan2022)

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  Learning is a lifelong journey . Let us read so that we can get better with our investment strategy, mindset and values. Read so that we can keep current with the trends, changes, developments.  Read so that we can improve our odds, learn from the lessons of another - so that we can avoid and/or learn from them accordingly.  I do not think that I am smarter or better than the fund managers, but I still have a good chance of being successful if I work hard to read up, study, listen to interviews and analyze the annual and quarterly reports.   Personally, hard work can be a stronger competitive advantage than being smart.   If we take time to read up on household items, mobile phones or cars before we purchase, we should do the same for investing.  If I cannot explain the business to my kids, then, I do not know the business well enough.  It will be less risky if we qualify the leads (or tips) provided so that we can improve our "odds", arriv...