Pride and Persistence Persistence, though generally a positive trait, isn't always a good thing in finance, as
skilled investors know when to fold.
In the same way,
a skilled investor knows when to move forward aggressively while weighing the associated risks.
Not exact matches
Knowing where to park your money and how to divide it up is the single most important
skill of a successful
investor.
For instance,
investors are
known to attribute
skill rather than luck to an analyst that picks a winning stock.
I
know a couple of very successful growth
investors (easily beating the market over 10 year periods) but they do apply a very particular technique, which is quite different from most investing and where it's very easy to conclude instead that luck has outweighed
skill.
Knowing how to properly value a stock is probably the most important
skill for a value
investor to develop.
This is a great opportunity for regular
investors to match
skills with well
known professionals and benefit the charity of their own choosing.
Warren Buffett is
known for his ability to select investments with
skill that perhaps not a single
investor can duplicate.
Value
investors are
known for ignoring «macro» developments and relying solely on their
skills as bottom - up stock pickers.
Most importantly, I still sometimes look back and remember how inexperienced / naïve my investment approach and assumptions were five, ten, fifteen years ago and
know that I will definitely think the same again in the future — I think the most valuable «
skill» any
investor can wish for is a little dose of humility.
But all of the tips will help you become a better
investor no matter what your
skill level is.
As we add institutional
investors, we will be talking to energy companies and sovereign wealth funds, and be establishing the specifics of the fundby the end of the year And you
know, there are some areas, like geothermal or carbon capture and sequestration, that relate to the kind of
skills — seismic understanding, drilling holes in a safe way — there are some things that you'd expect the existing energy industry to really explore and try to make those as economic as possible, so that they will be important participants.
If an
investor knows your
skills and interests, they can make a well - tailored recommendation based on their knowledge of what each company needs and what kind of projects each company is working on.
In my opinion as an individual
skilled in the many facets of home repair and remodeling, I believe as a home owner and or a growing
investor it's very important to
know how to look over a property without the need of your contractor or inspector.