How the world’s best investors get it wrong and still make millions.
The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.Peter Lynch
Certainly, you already asked yourself the question how to manage winning and loosing position in your portfolio.
This fantastic book analyses the behaviour of 45 of the best investors world wide between 2006 and 2013. The investors had between $20 to $150 million USD at their disposal, each.
The book is written very pragmatic without chitchat. The author groups the observed positive and negative behaviour patterns into five groups. He also discusses the underlying psychological phenomena that cause the behaviour. Can you recognise yourself?
Do you have the traits of a “rabbit” or are you a cold-blooded “assassin”?
The book is structured into the two parts “I am loosing – what should I do” and “I am winning – what should I do”. The concluding chapter summarises the observed “habits of success”. Finally, the author provides two checklists for winning and loosing positions.
Can you find the described behaviour patterns in your trading history in the 22 Dividends app?
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