75 Quotes About Investment-psychology

To be a successful investor, you don't need to take excessive risks and be involved in all sorts of financial instruments. You need to understand your risk appetite and understand a few asset classes well. Stay within your boundaries, and your wealth will grow at a decent pace.

Trading is not only a zero-sum game but an aggregate negative after deducting the trading cost and research expenses. Somebody’s gain is somebody’s loss, so the professional traders win the game because they have significant advantages over retail traders.

There is a considerable information bias that exists among different levels of market participants. The majority of the information is not available to everybody, nor does everybody decide after considering all relevant information.

Financial freedom can only be achieved by a conscious choice. It's not an accident. It's not just merely by thinking, it's through grinding and doing what is necessary to get to that goal.

Don't underestimate the value of your life insurance. That's the value of your life to your family.If you need to increase your coverage, do it now, while you are still healthy.

Investment is all about building wealth with a reasonable rate-of-return. Play this game for a long haul.

Predicting a downturn is not critical. The important thing is what you do when a significant downturn happens.

Putting money in a savings account is not going to make anybody rich. It is making the depositors poor every day if you count the inflation.

Cash combined with courage in a time of crisis is priceless.” -Warren Buffett