If I Could Teach All Investors 1 Attitude About the Stock Market, It's This
Investing is hard. We should all try to stay humble about it.
Overview
A big part of investing is psychological. It's not just about math; it's about managing your mindset, your moods, your attitude. I wish I could teach all investors to have an attitude of humility about the stock market.
I try to be humble in my approach to investing. No one knows the future. No one knows for sure which stocks will do best, which industries will grow faster, which companies or countries will outperform the rest.
Details
It's good to have convictions. It's good to believe in what you're investing in. And some of the best investors have a certain dash of ambition and healthy ego that drives them to succeed in the first place. But investors need to guard against arrogance and overconfidence.
Source
Originally published at www.fool.com.