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A SMART LOOK AT INVESTING

The road to investing wisdom begins with ‘I don’t know’

Most investors are better off holding more stocks until they have built up enough knowledge and expertise to handle concentrated positions

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    • There is no thin line between arrogance and confidence, they are both sides of the same coin. You can be confident when you buy stocks, and be humble after you buy the stock.
    • There is no thin line between arrogance and confidence, they are both sides of the same coin. You can be confident when you buy stocks, and be humble after you buy the stock. ILLUSTRATION: PIXABAY

    Chin Hui Leong

    Published Tue, Feb 13, 2024 · 05:59 PM

    MANY people think that investors fail because they do not know enough. I beg to differ. In my experience, it is our ego that blinds us and makes us do stupid things.

    Mark Twain said it best: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” We often make mistakes because we are too confident in our knowledge. And it gets worse when we find out that we were wrong.

    That is why, as investors, one of the first things we should admit is simply: “I don’t know.”

    A smart look at investing

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