Speculation or Investment
- The Quiz
Everyone gets what they really want out
All investment is speculation.
Even burying your money in the ground has risk of inflation
loss and memory decay.
entrusting your money to another is a
greater risk, you always care more about your
money then someone else - unless they plan to steal your
Life is risk, you need
to learn how to manage risk and enjoy variance, not avoid
1) Do you lie to yourself
?) Do you set your watch 10 minutes ahead so you think
you are running late?
2) Do you have blind
spots you refuse to acknowledge?
?) Do you fully agree with anyone or any human
3) Do you rely on third
or fourth hand information?
?) My teacher said - a book said - that ------- believed
4) Do you believe statistics
and published reports on performance and trends?
?) Figures don't lie, but liars sure can figure.
5) Do you refuse to
ask directions, are you slow to admit when you are wrong?
?) Do you have a hard time laughing at your errors, and
These five questions point out personal
growth areas required for your success in speculation
The truth is although there are millions
of ways to make money in the markets - none of the ways
are easy to find - none of them last long.
You have to be honest with yourself to
cut inevitable and frequent losses short or sit still
while potential profits grow. This personal honesty is
not common - but neither is great success.
To profit over the long term you have
to know yourself. Here is a last question if you were
able to say 'no' to a few of the above questions.
6) Have you had investment
?) At what level did it stop? Did you lose everything
when the losses started?
If you are sabotaging yourself, research
yourself before doing your market research.
Developing a flexible and accurate view
of your strengths and weaknesses will be critical to your
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