I seem to be motivated in such a way, and I realy need to find a way use this to my advantage.
Richer Wiser Happier is still something I am trying to get my hands on, but in the meantime I listened to a podcast and got to know about one of the people William featured in this book, Tom Gayner. I then learned through another podcast that he is an incredibly humble man and heads Markel Corp, a holding company inspired by the Berkshire model.
So far, Green revolves around 2 topics, incremental increase and avoiding ruin.
Seeing stocks that you did not buy go to da moon creates FOMO, but as fast as these moonshots happen, they also can come crashing down. Whilst it is good to have moonshots, what is more reliable and achievable is to go for incremental increase. Always do better that yesterday and you can be sure that you will be far better in years to come.
The next is avoiding ruin. Moonshots are incredibly expensive. In terms of cost. SpaceX made Falcon 9 return repeatedly, but there will be no Falcon 9s in investing. Rolling YOLOs into YOLOs can only go so far. In Chinese, 留个青山在，不怕没柴烧！
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Wrote the above almost 8 months back but never got around to publishing it, nor reading that book! I have already downloaded the .epub but yet never got around to reading it. Should I make it this year’s resolution? To read and summarise more books? Definitely need to invest in my brain as well. But so many books, so many lists, where to start?
How did my stock picks go anyway? Well the ‘plays’ were mostly gone down the drain. Technicaly speaking used gains to ‘play’, so never lost anything except progress. And the original investments covered this play and gained more too. How possible is it to time the market? Well, with certain guts and discipline, it is honestly possible, just ask little Jack. Really impressive with that 35k to 8M race. So much for leaving some woodstock to burn, in chasing capital growth, definitely concentrate over diversify.
