21 Jul '12, 11pm

Have conviction and make money?

Have conviction and make money?

It is impossible to see into the future. People who say that they can are like fortune tellers. How much are their advice worth? How much would we pay fortune tellers to read our palms? Saruman’s seeing stone in Lord of the Rings. Whatever decisions we make are based on a whole gamut of factors. Then, we have certain expectations of how things would turn out after making such decisions. The more thoroughly we could reason our feelings of conviction, the higher our chances of staying the course and, dare I say, that our decisions could deliver on our expectations. Regular readers would probably get the feeling that for whatever has done well for me, I have been reasonably rigorous in my reasoning for those decisions (e.g. to be invested in industrial S-REITs in the last 3 years ). For whatever that has not done well for me, my reasoning has been … Read the full article → If...

Full article: http://thefinance.sg/2012/07/21/have-conviction-and-make-...

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