Keys to Successful Investing Over the Long RunIn reading some of the recent posts by some investors here and I won't mention their names and give them further oxygen, it made me think of what I have learned over the years.
Those of you who actually intellegently read my posts know that I have been investing since 1969 - more than half a century ago. I also spent many years on The Street as an Investment Advisor before I retired about 13 years ago.
That said, some of the most important lesson I learned were...
1...the financial world is like an ecosystem in that everything is connected and what may seemingly be unconnected to your particular investment could be very important in terms of making the correct decision
2.....related to Point 1 is that people who have a different perspective than you do have lots to contribute because they may know something you that you don't know or have considered which could be important in your decisionmaking
Over the years, following these principles, I have avoided making some really bad investment decisions for myself and for my clients. People who have a different view of the world absolutely need to be taken into account and if they aren't then the probability of missing something increases and with it the chances of making a bad investment decision. Dismiss them at your peril!!
What I see in the posts by several people here is that that arrogance to dismiss counter opinions and from experience they will be the losers. Gaining the widest perspective before making a decision no matter what you are talking about - investments or anything else is the way to make the best decision.
Failure to do so limits you.
So those of you here who are quick to dismiss others because they have a different view than you, I hope the best for you but I know from over a half century of investment experience that you will miss opportunities and make bad choices.