People think gurus are survivors of chance
People intent to find excuse for themselves.
From time to time, we have heard an unwritten consensus in the media, after people’s gossip, or in the chat room of relatives and friends, or even in the mainstream academic circles——such as Buffett and other world-recognized investment masters. It’s just a chance survivor. It means that they are just lucky, or all the lucky people in the world who happen to shoot flying darts and roulette wheels and hit the target again and again.
This kind of behavior and results that make money out of everyone implies the effort required to deny the unknown behind the success of a few recognized investment masters; , is the main reason why most people cannot become successful investors, not one of them.
In response to this phenomenon, I published a related theme post before, “People believe successful investors are survivorship bias cannot succeed“, and you are welcome to refer to it.
Excuses are good
Most people are looking for reasons for failure
I found some common reasons for you; see my previous post for details: “”Why do most people fail in stocks investment? 4 simple reasons” 4 Straightforward Reasons. The content of the article will not be repeated here.
People are always making excuses for being lazy
If I remember correctly, the most important dogma of West Point Military Academy is “No Excuse, No Reason (No Excuse!)“. I personally think that this is also the main reason why West Point Military Academy can cultivate countless military forces around the world, as well as outstanding leaders of listed companies.
Personality traits determine everything
I previously published two posts:
- “The most important qualifty for an investor is temperament, not intellect“
- “Personality has a decisive impact on investment success or failure”
Emphasizing that the personality traits of investors are the key factors that determine whether the investment will succeed in the end. If you don’t know enough about your personality traits, you can take my previous article “Investors’ DISC test to assess your traits” and use the DISC test to assist you.
Closing words
Is it because the proven investment methods of Buffett and other masters are not suitable for you, or are you not suitable for investing at all? Find out, if you know yourself well enough and are willing to admit which kind of personality traits you belong to, investing will not be so difficult.
Related articles
- “Imitating great investors is the fastest and most effective way“
- “People believe successful investors are survivorship bias cannot succeed“
- “Why Buffett deserves further study“
- “Investors’ DISC test to assess your traits“
- “The most important qualifty for an investor is temperament, not intellect“
- “Personality has a decisive impact on investment success or failure”
- “Why do most people fail in stocks investment? 4 simple reasons“
- “Most investors’ problem is concept and psychology, not stock selection“
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