Two things that seem
to hurt me
Two things that seem to hurt me in my investing are
impatience and getting so wrapped up in a certain investing idea that I fail to
consider other alternative courses of action. I recently ran across a good
definition of patience…
‘Patience is a highly sought virtue. To be patient is to wait, to be able to mentally insert a wedge between a linked stimulus and response and so place a stop on repetitive, habitual, often destructive behaviour. Patience gives you a moment to access, step back from the brink, and bring yourself back into balance.
The idea is that we restrain our will to stop an impulsive or destructive action (often based on short term relief from tension or instant gratification) and in doing so, turn our energy in a constructive or creative direction – to use our will in a directly beneficial way. Patience, then, is the mental reflection of the restraint of will.’
Dr. Gerald Epstein
That one line... ‘The idea is that we restrain our will to stop an impulsive or destructive action (often based on short term relief from tension or instant gratification)’, really resonates with my own experience of investing and probably my life as well.
‘Patience is a highly sought virtue. To be patient is to wait, to be able to mentally insert a wedge between a linked stimulus and response and so place a stop on repetitive, habitual, often destructive behaviour. Patience gives you a moment to access, step back from the brink, and bring yourself back into balance.
The idea is that we restrain our will to stop an impulsive or destructive action (often based on short term relief from tension or instant gratification) and in doing so, turn our energy in a constructive or creative direction – to use our will in a directly beneficial way. Patience, then, is the mental reflection of the restraint of will.’
Dr. Gerald Epstein
That one line... ‘The idea is that we restrain our will to stop an impulsive or destructive action (often based on short term relief from tension or instant gratification)’, really resonates with my own experience of investing and probably my life as well.
