Lots of new things have been happening and that is what is causing the number of unanswered e-mails in my in-box to rise exponentially.
I loved meeting so many of you on Saturday at our event at Crossword. It was very nice to see such a diverse group comprising of people of all age groups being immersed in a talk on investing. In fact I ended up staying much longer than expected, as so many of you had lots of questions and ideas to share. It makes me very happy to know that people truly are interested in knowledge and learning more. I'm happy that more people have started taking interest in their financial well being. I would like to apologize to all those people who had to stand through the entire event as there was a limitation of seating.
Also I think I should be getting the award for the world’s worst hand writing! All those of you who got your books signed, would surely root for me to get the award!
Lots of interesting ideas were shared, and I got to learn a lot too. All those who did not get the opportunity to attend the event, please do not worry as we will be having more such events and also I shall be sharing all the ideas and tricks of the trade discussed here.
We had discussions about value buying, Chabria-Cola, competitive investing, balance sheet paper quality, inflation, air-conditioning, markets and more.
Just a small thing I would like all of you to think about. Several new investors imagine that returns in the stock markets are instant and quick. This is not at all true, if you look closer at some of the world's best investors, you will see how most of them do tend to go in red as soon as they invest, what they have is conviction and patience. Study what happened to Warren Buffett's investment as soon as he bought into Coca-Cola several decades ago. Did it go up as soon as he bought it or did it go down? You will find out that conviction and patience are very important after you have done adequate research.
Why do I keep saying these things? Because succeeding as an investor is more about the psychology than just pure financial terms. You can simply put any financial term in Google and get the definition and meaning. Millions and billions of people can simply learn those meanings, but the main thing that decides who wins and who loses is the thought process. Did you know one of the reasons Mr. Warren Buffett has created so much wealth, is simply because he refuses to sell at a loss. He has rarely ever sold any stock at a loss and at times has held on to stocks which are making a loss for several years, because he believed in the fundamentals. Stock markets are not rational because they are based on human psychology.
I just had one question for all of you. Do you think men and women think differently about money, finance and investing? If yes, please let me know what these differences are. Do you have any personal experiences or examples to share? Share your ideas in our comments section. I might end up using a few of your ideas, in our next book.
Have a great day and keep wearing that lovely smile on your face!
Do you feel most of the money is made when you buy?