Investing Advice from the Pros
When you’re learning the ropes of investing, Benjamin Graham’s timeless book “The Intelligent Investor” is one of the best places to start. Graham teaches the beginner that investing is about value, and long term growth with stability. The mindset of an investor is always looking for opportunity, always agile and prepared to leap at a moment’s notice. Here is some advice from some of the world’s greats on how to stay agile, stay hungry and invest with purpose.
Chaos is Opportunity
“The only thing I do know is that from chaos comes opportunity.”
-Daniel Loeb
When markets experience turbulence, fight or flight kicks in and many walk out on what would otherwise be incredible prospects. The fact is, we don’t know what we don’t know and that creates a fear response in us. We don’t have a plan, numbers are falling and we feel a strong urge to cut the bleeding. This is where we should be most levelheaded, ready to make agile leaps if we have to. When nothing is certain, anything is possible.
Never Stop Learning
“An investment in knowledge pays the best interest.”
-Benjamin Franklin
The more you know about an investment, its industry, its rivals and its history, the better your chances to grow it. Sun Tzu also reflected on the power of knowledge as a tool for turning the tides and creating favorable situations. Just be careful you don’t make too many assumptions based on what you’ve learned.
Trust in Others
“However, beyond any doubt the most important thing you have to do is build the right team.”
You cannot possibly do everything you need to do in order to accomplish your goals. Delegating tasks to the greatest minds you can find helps them utilize their expertise furthering the cause. Investment is, especially at a high level, a team effort. Trying to tackle everything on your own is neither noble, nor intelligent. Learning to trust those around you is worth the effort.