A knowledge of history can help identify factors that shape the global macroeconomic environment
In a career spanning more than two decades I have witnessed several market crises. These are the key investment lessons I have learnt:You can’t invest successfully over time unless you have a well-defined philosophy and process. The key is finding a process that works and sticking to it day in and day out. Being disciplined is crucial.Being a successful investor is not only about harnessing your intellect and experience.
In addition, being a history and economics buff gives you an edge. History helps us make sense of countries’ policy regimes over time and the factors that shape the global macroeconomic environment. Common layman mistakes are falling in love with a stock, sticking to losers for too long and not doing a proper assessment before investing. I wish I could say that every investment I made in the past 20 years has been a success, but that isn’t the case.
Obviously, shares, bonds and property all deliver cash flows, which make them easier to value. That is why we include them in our portfolios when there is a good investment case to be made. There is no shortage of good “storytellers” in the investment industry. Unfortunately, some “fantastic investment stories” could see an investor lose a lot of money.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Education minister Motshekga bemoans learning time lost to Covid-19Attempts to measure learning losses indicate that between 50% and 75% of a typical year’s worth of learning was lost during 2020
Read more »
Individual prowess may prove key in MTN8 semi-finals.MihlaliBaleka looks at the players that have the ability to come to the fore for each team ahead of the first leg of the semi-final in the MTN8 this weekend. IOLSport
Read more »
Serial bank card scammer sentenced to 20 years in jailA serial bank card scammer has been sentenced to 20 years’ imprisonment on 59 charges of fraud in the Bellville Specialised Commercial Crimes Court.
Read more »
LETTER: Afghan history lessonsIf the situation changes, troops and civilians will be trapped like the British column in the Hindu Kush in 1842
Read more »
This police officer looks just like Dwayne Johnson he could play Luke Hobbs in the next Hobbs & Shaw | ChannelThis police officer looks just like Dwayne Johnson he could play Luke Hobbs in the next Hobbs & Shaw!
Read more »
Children's reading progress came to a halt in 2020, education department warns“Despite the teaching that is continuing, there’s still a large number of learning losses that is continuing,' says senior basic education department official.
Read more »