No Risk = Big Risk
Taking no risk is a big risk.
Though I heard this yesterday for the first time during the training of Fundamental Analysis, immediately it clicked to me. The discipline of FA is a fantastic one. You have to be a Sherlock Holmes to be a good analyst. Observing the facts as they are - which is not as easy as it sounds; you'll realize this only after you've burnt your fingers at least once and your postmortem reveals that you failed to notice something very simple which caused the damage-, using these observation to build your theory, patience, confidence and at the same time humbleness to be a student forever are the characteristics that make one a good FA.
More than anything else, FA needs common sense. Apply simple things in life to the market and results will be amazing.
I think the reverse is very true as well. Looking at the market, it's obvious that taking no risk could be one of the biggest risks. Isn't it so in life as well?
Though I heard this yesterday for the first time during the training of Fundamental Analysis, immediately it clicked to me. The discipline of FA is a fantastic one. You have to be a Sherlock Holmes to be a good analyst. Observing the facts as they are - which is not as easy as it sounds; you'll realize this only after you've burnt your fingers at least once and your postmortem reveals that you failed to notice something very simple which caused the damage-, using these observation to build your theory, patience, confidence and at the same time humbleness to be a student forever are the characteristics that make one a good FA.
More than anything else, FA needs common sense. Apply simple things in life to the market and results will be amazing.
I think the reverse is very true as well. Looking at the market, it's obvious that taking no risk could be one of the biggest risks. Isn't it so in life as well?
posted by Parag at 10:16 AM
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