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09 Feb 2016
Peter esho
Everybody knows the story about Warren Buffett buying Coca Cola. I hate that story. Why? Since the majority people miss the purpose about Buffett’s success.

They begin talking about his research method, how he values companies, his tips and tricks. His personality. His history, network and influence. The value of Coca Cola’s business etc. That all means nothing. There has been many other businesses with the exact same set of numbers he could have invested in and probably did. We will never know because all of the mainstream focuses on the fast sighted narrative.

After a lot more than 10 years in investment markets inside them for hours met some of the brightest and quite a few successful minds in the business, I have discovered that the single most important ingredient to investor success is confidence. Confidence helps to make the difference.

Confidence in yourself is the starting point.

Teaching yourself giving her a very bits, but then obtaining the courage to back yourself. Here is the first step. Don’t invest in anything until you are truly confident in what you can do to make money. When you’re certain about yourself, loss doesn’t turn into a problem. You know that it is possible to bounce back, learn from it and turn into even better.

Once you have pride in yourself, you then seek opportunities. This may take a long period of time. Don’t rush. A good investor understands opportunities are certainly not finite, they are abundant. That's the reason successful investors never fear missing out on market movements.

Seeking opportunity vs. finding excuses

An attractive investor seeks opportunity, an un-confident investors finds excuses to sway from opportunity. Un-confident investor (unclear if that is the right term, on the other hand don’t care, you know what I mean) is always unsure about themselves. Questioning the market, questioning the numbers.

The confident investor doesn’t watch this news or read the newspapers. He or she doesn’t care about the market, they are concerned about the deal and they also care about their own circle of influence. After they look to the market, they are doing so with the aim of earning money. They move the market environment to their circle of influence and outdoors of their circle of concern.

How to build confidence as an investor

Here are the items I’ve done myself to construct confidence as an investor:

 Don’t read the news unless you are only after the facts - The news is focused on reporting problems, collapses, discouraging opportunity. Not so great news sells. This distorts your skill to find opportunity and may lead you to over complicate investing (which as time passes becomes simpler).
 Surround yourself with the appropriate people - There’s silly in taking advice from an gent who has never invested before or takes their opinions through the media. Find those who have built confidence, backed themselves and learnt important lessons that they can can pass on to you personally.
 Learn to lose - The most effective investors are the ones which takes a loss and move on. It doesn’t hurt them, in fact they actually enjoy it as it helps them learn important lessons that they may apply to future decisions.
 Value yourself - Many people struggling with money think there's a shortage of money and they also aren’t entitled to it. The reality is money is plentiful and in many cases when there are shortages, we print more. The very wealthy don’t think in shortages. Alter your thinking to think with regards to money being abundant and plentiful. This isn’t some esoteric modern concept but reality.


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