On... my 4 Pillars of Investing
“If investing were all about math, mathematicians would be rich . If it were all about history, historians would be rich. If it were all about economics, economists would be rich. If it were all about psychology, psychologists would be rich. ” - Morgan Housel. So what is investing about then? I think its about these:- Financial analysis . Accounting is the language of business and investing is the art of picking and buying businesses. If you want to buy something at the shop, you would want to know how much it is worth before parting with your hard earned cash. The same goes for buying a business, before putting your money in - you better know what its worth. Behavioral finance. To be a successful investor you need to be able to control your emotions - Patience and indifference is key. Be patient when waiting for your opportunities, and be patient to let your thesis play out. Be indifferent to your results ( Profit or Loss ), and follow your str...