I am into a proffession whereby we deal with money, mostly other people's money, so it takes great responsibility to manage that, off course when you win you are praised but when you loose you are critisied. People always asks us what will the markets be, what will so and so stocks prices will be, and I say I dont know, I only know that this company is doing its best and is well managed and I see its future cash flows being intact and so I feel that this business should grow. But do I know what would be its prices be, NO I Dont know, M not GOD we are humans as you are and so we also cant predict future...
Remember no one can buy at the bottom prices & Sell at top, So we try to find out stocks which are available at discounts and looking at margin of saftey, we are humans too and so can do mistakes and thats why we have Strict Stop Loss (why stoploss of 8% - read Here) on our stock picks. Talking on Prices reminds me a short story told by my Uncle about an Investor who met God -
|Commuter reading Daily in Firstclass compartment in |
mumbai local in rush hours
The first thing that man did was opened up the business page & Saw the stocks prices and invested in those stocks immediately which could fetch him multi-millions after 2 years.... After few days of buying spree and as tended by the Human psychology, he felt let me see what would be the news around the world after two years from now and turning on the pages he landed on Obituary section - On Which his Name was the First !! - So, what this tells us, that do live in present and dont worry what will be there in future, Just live your life at the fullest ..
This is my last day for the challenge series and I hope you all must have enjoyed reading some of the offbeat post, it was bit difficult for me to going into the creative zone after a long long time, I dont know how it has turnout.. but will say I enjoyed this very much.. after a very long time I was thinking beyond markets ..hehehe :)
Anyways thanks friends for your amazing supports !!
Please do keep on ur support for me & pl do visit again and share the posts :)