180 Quotes by Naved Abdali

If you have some working knowledge of business and accounting and have a lot of patience to ride out market ups and downs, you can be a stock picker. You just need to understand that stocks are proportionate ownership of earning businesses.

Stocks are not market tickers represented by daily quotes but proportionate ownership of businesses and should be viewed accordingly.

Humans’ reactions are contaminated with their cognitive biases, greed, fear, and survival instinct. However, capital market success requires precisely the opposite behavior of what your intuition is suggesting.

Fear-of-missing-out is more powerful than fear of losing.

Greed pulls people in, and fear pushes them out.

Whatever anybody does or does not do is based on either greed or fear.

In the investment world, greed and fear are the lifeblood. Without these, there would be no economy, no capital market, and no transaction.

Investments are not a lottery; if it feels like the lottery, stay away from it.

The combination of our natural desire to be better than our peers, our faulty assumption of dodging risk, and our flawed belief of having better chances than others, pushes us into excessive greed territory. We take more significant and sometimes fatal risks.