Retd institutional brokerage CEO/ head of research, full time investor and avid reader, special penchant for financials. Music,movies, wines and badminton
Every 5 % correction in the market
Improves knowledge by 10%
and reduce courage by 10%
After 50 % correction there would be
0% courage & 100% knowledge
Figures are approximate may differ from case to case basis π
(courtesy WhatsApp)
A natural instinct born out of our need to survive makes us vigilant and skeptical. As a result, people like to try to prove successful people wrong. I have found it is more productive to try to figure out why a successful person may be right, versus why they are wrong.