We’re a crazy bunch, investors. We love risk. We eat data for breakfast. We are constantly scanning lists of names and numbers that to ordinary folk are utter gobbledygook.
But we love it, we live for it. Investing and trading in markets is exciting, exhilarating. It can deliver the highest of highs, and the lowest of lows. It’s an emotional rollercoaster.
And of course, it’s bloody hard to do well. But day after day we all come back for more.
Suckers for punishment. But also eternal optimists.
I’d argue that every kind of investor is an eternal optimist. At the end of the day we’re all optimistic that we’ll be able to make money, build wealth via our different investment strategies.
That’s optimism. Of course, within that is fierce tribal defence of various strategies and tools to make money. But at the end of the day, you might love stocks, hate stocks, love crypto, hate crypto, love property, hate property, love gold, or hate gold…and yet we’re all still in it for the same end result.
It’s just so bleedin’ obvious
No one wants to lose money. We want to grow it, make it, and protect it from those who want to take it from us. And we use different strategies to achieve that. But the fierce tribalism from one strategy to another can become tedious.
What you should realise is that having an open mind to all strategies is the smart play. But that’s hard. Most people have a natural scepticism to something they’re not already doing.
This is also known as confirmation bias. It often leads investors to dismiss something they’re not already doing.
But in the investment world you have to be ready to look at alternative strategies. And really be open to ones that are so bleedin’ obvious, you’d kick yourself for not taking a good look at.
That’s why I want to give you a heads up about something that I think is so bleedin’ obvious that every investor should…