Risk resides a lot more within ourselves, than the markets

Discussion in 'Investor Psychology & Mindset' started by Sackie, 2nd Mar, 2019.

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  1. Sackie

    Sackie Well-Known Member

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    I was doing some reading at home today and came across some old highlighted bits i thought i'll share. I know i've always believed in this mantra. This is by Benjamin Graham, arguably one of the world's greatest investors.

    " Risk exists in another dimension: inside you. If you overestimate how well you really understand an investment or overstate your ability to ride out a temporary plunge in prices, it doesn't matter what you own or how the market does. Ultimately, financial risk resides not in what kinds of investments you have, but in what kind of an investor you are. If you want to know what risk really is, go to the nearest bathroom and step up to the mirror. Thats risk, gazing back at you."
     
    Last edited: 2nd Mar, 2019
    Sackie, 2nd Mar, 2019
    #1
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  2. kierank

    kierank Well-Known Member

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    The biggest risk for most people is that they do nothing.

    The highway to Net Worth is full of such road carnage :eek:.
     
    kierank, 2nd Mar, 2019
    #2
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