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What can investors learn from assassins?

Thursday, September 26, 2013

I am spending quite a bit of time watching Hunter X Hunter (2011) now.

In the latest episode I watched, Killua thought of the advice his father, a professional assassin, gave him:

"Listen to me... Never take risks.

"Act only when success is guaranteed.

"Otherwise, wait.

"Waiting is our most crucial job.

"If victory isn't assured, revealing your strength is the most foolish move to make."

What can investors learn from assassins? I wonder.

Related posts:
1. Hunter X Hunter (2011).
2. AK71's simple strategy.


Matthew Seah said...

Hi AK,

Never take risks: There's risk in every investment. We can only minimise risk, either by diversification or by having Margin of Safety.

Act only when success is guaranteed: There's no guaranteed profit in investing. We can, however, act when success is likely, ie. investing in undervalued assets.

Wait: Have an opportunity fund to take advantage of opportunities that come our way.

AK71 said...

Hi Matthew,

I expected someone to respond in the same vein as you did since I feel the same way. ;)

However, if anyone reading this blog post is able to react positively to the underlying message of caution, I would be quite happy.

Don't cheong into anything. Wait and be sure we get in at a price so good that even selling at a price less than fair value would guarantee a profit. Of course, I borrowed these ideas from someone famous. ;)

Anonymous said...

Same veins as warren Buffett. He said something something like:
Dun keep swinging, wait for the perfect swing to do a home run.

What do u do when u wait? Sun Tze war strategies say :" know your enemy, know your yourself, and u will win every battle" (知己知彼,百战不殆). Know your company inside out, know your temperaments and u will conquer all ;p.
Some companies might be outside your circle of competence to conquer, leave them alone.

AK71 said...

Hi Mike,

I always enjoy your comments and you have cracked the code again! :D

A successful investor is one who is not only knowledgeable but also patient.

Knowledge includes, very crucially, self knowledge. What is our circle of competence? Always an important question to ask. :)

Stoical Keynes said...

Hi AK 71,

Agree with you on the underlying message of caution. After all, not even the best assassin can guarantee success.

We just have to wait for the odds to be in our favour before you strike, whether you're an assassin, investor or footballer trying to beat that offside trap!

AK71 said...

Hi Stoical Keynes,

The football lingo was lost on me. LOL. Never a fan. ;p

Yup, we must be cautious even as we zoom in for the kill (so to speak). ;)

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