The biggest sign is that people just follow the crowd! Whether you fall to lower class is not determined by whether you have a good job, a nice house, or a nice car.
Category: Successful Investor Traits
Doom to fail if you’re not good at investing
Doom to fail if you’re not good at investing. This is why I repeatedly encourage investors not to blindly invest in the stock market. They should first have a genuine and profound understanding of themselves, and objectively analyze their own personality
Learning to avoid failure
The advantages to avoid failure: Learning to avoid failure and mistake, avoid areas beyond your capabilities, avoid mistake of omission.
Follow the crowd, a behavior checklist
To follow what others say is to follow the crowd, and the crowd is always blind. In the stock market, the opinion of the majority is usually a counter-indicator.
Ignorance is the commonality of mediocre investors
Socrates famously said: “The greatest wisdom is to know one’s own ignorance.” “The only thing I know is that I know nothing.”
Seeking facts is the first step in investment
The better you know the facts, and the more facts you know, the better you do as an investor.
Memory is an edge to investment success
The quality of memory is also a part of an investor’s circle of competence.
“Die Kunst des klaren Denkens”
The book “Die Kunst des klaren Denkens” topped the Der Spiegel bestseller list for a long time as soon as it was published in Germany.
In the crowd, it’s impossible to think independently or keep sane
The crowd, groups of people, when clustered together, have a collective unconsciousness
The key points of Andy Lin investment style
If you are the read of my two books and my blog, should be familiar with the five Andy Lin investment styles that I have repeatedly advocated: US stocks only, Long-term investment, Growth stocks preferred, Concentrated investment, Invest within my circle of competence.