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The International Investor

Trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be perfectly correct.

 

-- Mark Douglas, Trading Coach.

I enjoyed Richards post yesterday about fear. I think that it's one of the most difficult states that we have to deal with as both investors and as human beings. There are many reasons why we enter a state of fear; in investment it might be that we don't have the answers and we worry about losing a lot of money. Bertrand Russell's definition of philosophy is quite close to my (and Richard Russell's!) outlook on investment:

To teach how to live with uncertainty, ... Log in or subscribe to continue reading.


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