In this final installment of our six part Introduction to Investing Series, we summarise the three key attributes of a successful investor. In doing so, Gareth Brown uses his experience with a Cornflakes diet to explain how he feels when a stock is a real screaming bargain. It is that feeling you need to have the patience to wait for.
initial response – fortune favours the brave… so plan boldly for 2016!
Steve would you consider Slater and Gordon a cornflake stock at the moment?
Hi Nash. I’m not even sure I want to own it, let alone live off cornflakes for a month in order to do so.
excellent work of saying the same four different ways…
1. three ways to successful investing
2. three characteristics of a successful investor
3. three key attributes of a successful investor
4. three somewhat contradictory elements of a successful investor
Steve, you truly are an agitator investor who never stands still, but moves like a washing machine, incrementally moving in floor position due to the smallest of psychological bents that ensures Forager-ians to be part of an exciting contrarian wilfulness of wealth creation
Pretty much the only 2 reasons I put some money with Forager:
1. Nothing apart from value investing makes sense to me – its a method thats very difficult but proven with time to be special, if consistently followed (everything else is guesswork, or worse, reading tea leaves).
2. (And the most important reason) The guys at Forager ALL are brave enough and humble enough to admit their own weaknesses. And this is really, really important. I don’t want my money managed by someone who believes their own BS.