Investment Ideas #1 _ Investment Diary and Personality Traits - Fight the Hindsight Bias!
Investment Diary - Fight the Hindsight Bias! If your intent is to be a winner in your investment you need to set serious goals. Your activity should be treated as an investment. Rate of Return (ROR) is king and is the final measuring stick of your SPEC plays. Your specific comic-book investments are to be judged based on their past rates of return, which can be compared against your other investments to determine which investments are the most profitable. If you invest in 10 comic-books at a 100$ each and you sell them and get less than $1000 in return when they are sold, you lost! Therefore you must consider the type of SPEC plays you invest in and the amount of investment effort required. Understanding and educating yourself about investing, risk management, money management and psychological factors at play will benefit you. Not everyone can or will invest the time and effort it takes to be an successful investor. To begin, write down your goals etc in an inv...