The path of least resistance is the path of the loser.” H.G. Wells
Wells’ above quote could be applied to a multitude of things. For myself as an investment manager, the risk of falling prey to confirmation bias and shallow analysis can be dangerous. In the confirmation bias, people tend to favor/believe information that supports their current views & hypotheses.
Being intellectual honest about our thesis and rationale for investments is critical to success. How can we become better investors if our thought process isn’t consistently challenged? Are we taking the path of least resistance in our analysis and analytical rigor? Here are a few signs to watch out for:
- Scouring for confirming views: Jason Zweig once wrote that, “…people are twice as likely to seek information that confirms their beliefs then they are to consider evidence that contradicts them.” Do you carefully considering opposing views?
- Easily shaken out by fluctuations: How can you have faith to ride out short-term fluctuations without the confidence of a full vetted idea? While there is nothing wrong with having tight stops and loss disciplines, it is a whole lot easier to be shaken out if you don’t trust the idea.
- Lack of conviction: What is the point of holding a stock that you don’t have high conviction in? I’d rather own an index fund than a stock I don’t love. Investors lukewarm on a holding end up becoming “long-term investors” as they are inevitably under water.
- Loss Aversion: Does your original investment thesis still hold? If not are you only holding as you are reluctant to take a loss? Cut bait and get out. These situations lead to investors taking on more risk due to their loss aversion.
Obviously a well vetted idea doesn’t guarantee success, however a lack of reasonable diligence is inexcusable. Making money is too difficult to lose it on stupid decisions. Take a look at your holdings today and ask yourself why you are still holding it? Does it still meet your original criteria?
The economic uncertainty of the next few years is leaving people to wonder if they will even have a job next year. With budgets already tight, many families are struggling to keep one job and still have difficulties making ends meet. The good news is that you can begin to supplement your income this year by taking advantage of online opportunities in blogging, podcasting, and writing for others. If you’re passionate about something, you can find a way to express yourself in the online world and eventually start to make extra money from it.
Making Money With A Blog
While blogging has great long term potential, don’t expect to make money with a blog right away. If you’re looking for a way to express your passion while taking advantage of potential income opportunities like Adsense or affiliate products, starting a blog is a great place to begin. It’s common for bloggers to see small earnings in the first year, but don’t expect to pay for your mortgage right away. With consistent posting and a commitment to providing good information to your online community, you can start to see a few extra dollars.
Writing For Other Sites
One of the best ways to land a job writing for others is by writing your own blog and getting an invitation to join a staff writing team. You can, however, find legitimate writing jobs online that pay well. One of the newest resources is the ProBlogger job board, which lists the job requests of companies who are hiring writers. Topics range from technology to fashion and can pay from $10 an article to $75 and up.
Create an eBook or Webinar
Continued on the next pagebench craft company rip off beans
bench craft company scam emotion
benchcraftcompanyscam
bench craft company scam advark
bench craft company rip off satenday latters
bench craft company rip off by some of their
bench craft company scam papers
bench craft company rip off beans
bench craft company scam house of pain
bench craft company rip off by some of their
bench craft company scam papers
bench craft company rip off boots
bench craft company rip off boots
bench craft company scam by competitors
bench craft company rip off table tops
bench craft company scam fisher
bench craft company scam papers
bench craft company rip off by some of their
bench craft company scam house of pain
<b>News</b> In Brief: Molecules/Matter & Energy - Science <b>News</b>
Clear batteries, mucus busters, a 3-D invisibility cloak and more in this week's news.
<b>News</b> In Brief: Molecules/Matter & Energy - Science <b>News</b><b>News</b> Corp. Names Andrea Zappia CEO of Sky Italia - The Hollywood <b>...</b>
He replaces Tom Mockridge who left the Italian pay TV service last month to become CEO of News Corp.'s U.K. newspaper group News International.
<b>News</b> Corp. Names Andrea Zappia CEO of Sky Italia - The Hollywood <b>...</b>Negotiating All But Done for $2.7 Trillion Deficit Reduction Deal <b>...</b>
Sources from both parties tell ABC News that the major potential roadblock in deficit negotiations-- the triggers -- are now essentially agreed upon. The plan is for the House to vote on this tomorrow, assuming all goes ...
Negotiating All But Done for $2.7 Trillion Deficit Reduction Deal <b>...</b>
No comments:
Post a Comment