An Investor’s "Intestinal Computer"

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via StockCharts.com – Blogs:

Jesse Livermore pointed out that stock market experience is the result of mistakes and that those mistakes have many brothers and sisters. My take is that it’s not until you’ve met the bigger extended family can you be confident that you’ve actually built a broad enough reference library of novel experiences to support your investing efforts.

Long ago, I was blessed with some powerful advice by an elderly investor of note. The best investors understand in the very beginning that learning to trade the markets is an endurance event. The lucky beginner investor who happens to hit a home run or others who try to take short cuts seldom reap significant ongoing profits.

The market is a demanding teacher. She teaches you in the same way a goldsmith refines with fire. Time and time again, academic studies have proven that it is not necessarily the smartest who succeed as investors for it is less about brain power and much more about managing the investor self. The market tests you and smelts your innermost parts so that you become pure all the way through – even to the hidden core of your body, soul and ego. If you refuse to be humbled, the smelting will continue.

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An Investor’s "Intestinal Computer"

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