Here are a couple “hand chosen” clips for you to watch and listen to over the weekend. Listen to and watch them. These will improve your investment IQ and success. The majority of investment success comes from your ability to make decisions for yourself. You have to learn not to think with the crowd. If you don’t learn, you will only achieve average results at best. Being mentally prepared and understanding the stronger forces like long term trends, investor psychology and history will help you more than any simple metric like a P/E or expense ratio. These things I mention will give you vision and clarity. It will lead to increased investment success and satisfaction.
Take a few minutes, sit back, relax and listen to these 2 very informative clips on investment success. Then, if you like, share your thoughts in the comments section below. Off to a great weekend!
This first clip from from Financial Sense explains how financial bubbles are created, the course they take and how they ultimately lead to boom and bust cycles. (eg. tech bubble, real estate)
In this next audio from King World News, Eric King interviews James Dines on his Keys To Investment Success which are: investor psychology including mass psychology, mass greed and fear, the secret desire of gamblers to lose, the application to personal healing to stock market investing, the importance of high states for investment success and much more. This is (IMO) a must listen as these factors are prevalent in all markets. Once you learn about them you can positively influence your investment outcomes.