Temperament is the most important thing in investing.
I’ve known many smart people, who underperformed because they simply had a difficult time controlling their emotions.
Your brain is constantly seeking psychological comfort, and the truth is that good investing is about being extremely uncomfortable for long periods of time.
Stoic philosophy is helpful.
So true. Key to managing that is having a strategy & sticking to it
Most people are not clear as to why they do what they do
Once you’ve got a strategy, stick to it, & then emotion can’t play tricks
Stack BTC, invest again after we're way more monetized
And if you want an example of a relatively smart person totally dominated by a weak temperament look no further than Bitcoin Tina.
Bitcoin loves to test midwits with weak hands
THERE IS NO ALTERNATIVE
Ahhh Bitcoin Tina, it was the perfect pseudonym for a feisty female Bitcoiner. He kinda used a lot of alternatives though in the end.
Trust me bro
"The more uncomfortable the investment the better it is."
LMAO
You're mid 30s you got lucky with Bitcoin. You are not some seasoned investor.
I don't think many people got lucky with Bitcoin. Its hard to understand and gain conviction in. People will likely tell me I was "lucky" in a few years. And yet I was telling them learn about Bitcoin the whole time I was "getting lucky"
I literally didn’t say that g
LMAO you butthurt ?
It’s not sexy but buying and hodling is the way.
Doctors normally suck at investing, even tho they are smart
Having bought bitcoin nearly seven years ago I find investing to be very easy now, I just buy it & hodl. It couldn't be easier but I was a wreck at first, had no understanding of the volatility & even sold a little on a price drop. So investing for me is easy now but I could never be a trader, far too emotional for that.
underappreciated observation 🤝
