My Investing Muse

This diagram (below) provides a good summary of skillsets needed for investors, thanks to my knowledgeable friend Mr Steven Lim. Recommended skills to learn for investors In the world of investing, my mission is   NOT   to prove anyone wrong or my investing thesis right . I view investing as a   "1 on 1"   fight between my knowledge, understanding and application (which I hope to call wisdom) against the market . With each of us having   differences in values, personality, upbringing, learning, risk-reward tolerance, investing time-horizon and areas of expertise, we will end up interpreting the same data differently . This can lead us to make different decisions, considerations, strategies, capital allocation and also how we plan to enter and exit the market. There is not one "investing" rulebook.  So long you make money, all is well.   However, I have learnt that eventually, the most important commodity is not money but rather TIME .  Thus,...

I started investing late in my mid-40s.  This has helped me to learn, unlearn and discover myself along the way.  This is somewhat unpleasant as I realise that I am not as smart, disciplined or mature as I think. One of my favourite quotes: “Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.  Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.” ― Morgan Housel, The Psychology of Money: Timeless lessons on wealth, greed, and happiness Wealth is infinite but time is finite.  If I am to rank in terms of importance (in descending order), it would be the first "time", next "health" and lastly "wealth". One of my biggest motivations for my investments is not just getting more mo...