I am an investor but I am probably not a very good investor. Why?
I also do a bit of speculation but when I do speculate, I know I am speculating and not investing.
When we speculate, we should know we are taking on more risk. There is less certainty.
So, when I do speculate, I try to size my positions more conservatively. For me, speculation is to investment like spice is to food.
Those who like to ask me if prices are going up or down in future should take note.
For example, when I decide that I would like to have some Rosemary herb in my food, I don't fill the entire bowl with Rosemary leaves. That would be too much.
Hahaha AK now I know why u don't show your portfolio numbers Liao ... ppl will start questioning about the integrity and performance but missed the whole point on the method to financial independence ... hahaha
AK:
Aiyoh. So cheem. You need to decode that for me please. I very stupid one.
Reader:
no la I shared my portfolio then share the mode I use to achieve financial independence just to motivate those just started and those that are planning to start.
Hahah kana question on performance lah but that's not the point.
AK:
I always say don't focus on my portfolio. Focus on my philosophy. 🙂
Reader:
yea so I think don't show numbers better else ppl will focus wrongly especially those with ill intention
It's much easier to buy companies that are already well-run. Warren Buffett shares his investment philosophy.
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Philosophy is the bedrock of all knowledge or so I was told. Our philosophy will guide all our actions in life, including those we make as an investor.
Related post:
Impressive passive income but are you lying?
Why? Why? Why?