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22-12-2014, 10:36 AM
By Carl Richards:-
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From investing to world affairs, we tell ourselves that there's so much information available that we can know what's going to happen next. We tend to overlook that our certainty comes from selectively building a picture of the world that conforms to what we want to happen, not what will happen.
I see it all the time when people talk about trying to time the market by buying a bundle of stock at just the right moment. They'll compile a list of recent events. Then based on the list, they'll express, with great certainty, that it's time to get into the market. At that same moment, others will assert that it's time to sell and get out of the market. It's both entertaining and frustrating to hear the different people use the exact same information to justify two opposite actions.
Unfortunately, the noise isn't going to disappear any time soon. Change and uncertainty are consistent in their inconsistency. We don't really know what will happen next, and we need to get better at living with that reality.We can start by putting the noise in context.
By accepting, or even embracing the idea that uncertainty is part of the deal, that in itself becomes a type of certainty. Instead of being shocked by every change or unexpected piece of news; we adapt. we figure out another path that keeps us moving towards our goals.
If you do this yourself, you'll soon discover that your certainty about uncertainty separates you from a lot of people. Just look around and listen. It's mind-boggling how sure people are about what they "know" will happen in the future, even though their certainty is an illusion. Rest assured that it won't take long before something weird happens. Then you will adjust while they panic.
Yes, it's not easy to get comfortable with uncertainty. But we know from the old saying, few things in life are certain except for death and taxes. There's no reason to think we can't learn to deal with the rest as it comes and end up pretty close to where we want to be anyway. It will just happen with fewer panic attacks along the way.
NEW YORK TIMES.
And Michael Covel:-
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Fundamental analysis assumes that investors can have all available information, he noted.
"In the last decade we have seen central banks around the world take unprecedented actions on the interest rate curve along with policies such as quantitative easing.
"What's next? How does one undertake fundamental analysis in the face of that fundamental uncertainty? it's a guessing game at best."
Unquote:-
Q:-
Is there some resemblance, a lot or not much or no resemblance at all the main idea as expressed by this 2 man. Even one man only said only in 3 or 4 sentences.
To me they convey the same main idea.
What say you?
/////////////
From investing to world affairs, we tell ourselves that there's so much information available that we can know what's going to happen next. We tend to overlook that our certainty comes from selectively building a picture of the world that conforms to what we want to happen, not what will happen.
I see it all the time when people talk about trying to time the market by buying a bundle of stock at just the right moment. They'll compile a list of recent events. Then based on the list, they'll express, with great certainty, that it's time to get into the market. At that same moment, others will assert that it's time to sell and get out of the market. It's both entertaining and frustrating to hear the different people use the exact same information to justify two opposite actions.
Unfortunately, the noise isn't going to disappear any time soon. Change and uncertainty are consistent in their inconsistency. We don't really know what will happen next, and we need to get better at living with that reality.We can start by putting the noise in context.
By accepting, or even embracing the idea that uncertainty is part of the deal, that in itself becomes a type of certainty. Instead of being shocked by every change or unexpected piece of news; we adapt. we figure out another path that keeps us moving towards our goals.
If you do this yourself, you'll soon discover that your certainty about uncertainty separates you from a lot of people. Just look around and listen. It's mind-boggling how sure people are about what they "know" will happen in the future, even though their certainty is an illusion. Rest assured that it won't take long before something weird happens. Then you will adjust while they panic.
Yes, it's not easy to get comfortable with uncertainty. But we know from the old saying, few things in life are certain except for death and taxes. There's no reason to think we can't learn to deal with the rest as it comes and end up pretty close to where we want to be anyway. It will just happen with fewer panic attacks along the way.
NEW YORK TIMES.
And Michael Covel:-
///////////////
Fundamental analysis assumes that investors can have all available information, he noted.
"In the last decade we have seen central banks around the world take unprecedented actions on the interest rate curve along with policies such as quantitative easing.
"What's next? How does one undertake fundamental analysis in the face of that fundamental uncertainty? it's a guessing game at best."
Unquote:-
Q:-
Is there some resemblance, a lot or not much or no resemblance at all the main idea as expressed by this 2 man. Even one man only said only in 3 or 4 sentences.
To me they convey the same main idea.
What say you?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
