{"id":20830,"date":"2023-09-14T23:56:00","date_gmt":"2023-09-14T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=20830"},"modified":"2024-07-12T17:43:34","modified_gmt":"2024-07-12T09:43:34","slug":"excuses-to-comfort-yourself","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/","title":{"rendered":"Excuses to comfort yourself? Or masters&#8217; method is not suitable for you?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#People_think_gurus_are_survivors_of_chance\" >People think gurus are survivors of chance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#Excuses_are_good\" >Excuses are good<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#Most_people_are_looking_for_reasons_for_failure\" >Most people are looking for reasons for failure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#People_are_always_making_excuses_for_being_lazy\" >People are always making excuses for being lazy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#Personality_traits_determine_everything\" >Personality traits determine everything<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#Closing_words\" >Closing words<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/14\/excuses-to-comfort-yourself\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"People_think_gurus_are_survivors_of_chance\"><\/span>People think gurus are survivors of chance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>People intent to find excuse for themselves.<\/p>\n\n\n\n<p>From time to time, we have heard an unwritten consensus in the media, after people\u2019s gossip, or in the chat room of relatives and friends, or even in the mainstream academic circles\u2014\u2014such as Buffett and other world-recognized investment masters. It&#8217;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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>In response to this phenomenon, I published a related theme post before, &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/27\/survivorship-bias\/\">People believe successful investors are survivorship bias cannot succeed<\/a>&#8220;, and you are welcome to refer to it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Excuses_are_good\"><\/span>Excuses are good<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Most_people_are_looking_for_reasons_for_failure\"><\/span>Most people are looking for reasons for failure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I found some common reasons for you; see my previous post for details: &#8220;&#8221;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/18\/fail-in-stocks-invest\/\">Why do most people fail in stocks investment? 4 simple reasons<\/a>&#8221; 4 Straightforward Reasons. The content of the article will not be repeated here.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"People_are_always_making_excuses_for_being_lazy\"><\/span>People are always making excuses for being lazy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If I remember correctly, the most important <a href=\"https:\/\/www.washingtonpost.com\/archive\/lifestyle\/1981\/08\/15\/no-excuse-sir-pbs-portrait-of-west-point\/d55ed0f4-7905-40e0-a90f-c7836e420873\/\" target=\"_blank\" rel=\"noreferrer noopener\">dogma of West Point Military Academy is &#8220;No Excuse, No Reason (No Excuse!)<\/a>&#8220;. 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Personality_traits_determine_everything\"><\/span>Personality traits determine everything<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I previously published two posts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/04\/investor-temperament\/\">The most important quality for an investor is temperament, not intellect<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/02\/26\/personality-impact\/\">Personality has a decisive impact on investment success or failure&#8221;<\/a><\/li>\n<\/ul>\n\n\n\n<p> Emphasizing that the personality traits of investors are the key factors that determine whether the investment will succeed in the end. If you don&#8217;t know enough about your personality traits, you can take my previous article &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/17\/investors-disc-test\/\">Investors&#8217; DISC test to assess your traits<\/a>&#8221; and use the DISC test to assist you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_words\"><\/span>Closing words<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"155\" height=\"103\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2023\/07\/Excuse-1600x1200-1.jpg\" alt=\"excuse\" class=\"wp-image-20831\"\/><figcaption class=\"wp-element-caption\">credit: Pix4free<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/27\/imitating-fastest-effective\/\">Imitating great investors is the fastest and most effective way<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/27\/survivorship-bias\/\">People believe successful investors are survivorship bias cannot succeed<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/04\/07\/buffett-deserves-study\/\">Why Buffett deserves further study<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/17\/investors-disc-test\/\">Investors&#8217; DISC test to assess your traits<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/04\/investor-temperament\/\">The most important quality for an investor is temperament, not intellect<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/02\/26\/personality-impact\/\">Personality has a decisive impact on investment success or failure&#8221;<\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/18\/fail-in-stocks-invest\/\">Why do most people fail in stocks investment? 4 simple reasons<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/08\/06\/most-investors-problem-is-concepts-and-psychology-not-stock-selection\/\">Most investors&#8217; problem is concept and psychology, not stock selection<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Most people make excuses for failure<\/p>\n","protected":false},"author":1,"featured_media":20831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,14,10,17,18,66,11],"tags":[],"class_list":["post-20830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-stock-market","category-investing-concept","category-investing-guru","category-investing-psychology","category-investing-strategy","category-successful-investor-traits","category-buffett"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=20830"}],"version-history":[{"count":12,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20830\/revisions"}],"predecessor-version":[{"id":20850,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20830\/revisions\/20850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/20831"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=20830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=20830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=20830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}