Are You Wiser Than When You Woke Up? Day One...

Today, I got back to reading Benjamin Graham's book on investing, and I want to share three things:

First, I started over from the beginning. If there’s something you should know about investing, it is that sound principles, regardless of the circumstance, will yield sound results over the long term; sometimes, expertise leaves you more at risk of failing than succeeding in investing.

Sound principles, regardless of the circumstance, will yield sound results over the long term

Moreover, a good investor is not a speculator. Something like day trading the market, doing TA and all (I dropped trading after making good wins and losing quite a lot too), investments should be treated more like you’re running a business, so the business-minded investor is, to me, a better or an ideal investor.

a good investor is not a speculator.

And then there are two forms of investing the book will focus on: the defensive investor and the aggresive/enterprising investor. The defensive investor is more on the side of minimizing mistakes and building and compounding slowly with more security, whereas the aggressive or enterprising investor would spend more time looking for more interesting avenues to invest in, hoping the extra skill and effort will bring in more rewards.

I digged in a bit into Warren Buffet’s history a bit and he said one of the biggest mistakes he made was to buy more shares of Berkshire textiles then when it was at the brink of collapsing rather than sell for a little less profit, cause he was pissed off by the current lead of the company then and relized later that, it was the biggest mistake he ever made in investing and if he had not done that and invested in other micro avenues he would have made several 100x more (I was shocked), and lookig into the empire he built worth over 1 trillion dollars Berkshire Hathaway(which by the way he presided over as chairman for over 50 years of his life until this year where he stepped down), the man’s life is worth studying, the company/empire he built is worth studying.

Second is one from the book, The Dominion Mandate by Mensa Otabil, today where I studied speaks about subduing the earth, how that having success is not enough, it is about sustaining and that it transcends you, how that you can be successful and yet lose it all, how that it is important for you to consistently conquer whatever limitation may arise from the outside world and even within yourself as a person(it is said that you can be your biggest limitation), how you must control untamed elements that might acts as obstruction both from the outsde world and from within yousrself, what you say, what you think, what you do, are you self-controlled?

And finally, your background doesn’t define you; for the most part, you have more power to change your future than your circumstances have to shape you. Meaning: don’t whine and complain about your situation; rather, put your energy into coming out of it and transcending it.

your background doesn’t define you...

How about you? What did you learn today? Are you wiser than when you woke up?