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Value Investing Logbook
Freeman Publications
Value Investing Logbook
Freeman Publications
How to Become a Better Investor in 30 Days by Overcoming Your Own Biases
Legendary management guru and author of The 7 Habits of Highly Effective People, Peter Drucker once said, "what gets measured, gets managed."
And when it comes to investing in stocks, we found one of the biggest reasons investors weren't getting results is that they didn't have a consistent process for selecting them in the first place.
Sometimes they would buy off a tip from a friend or family member.
Other times they would hear about a company in a Facebook Group, or on a website trying to sell them a $2,000 stock newsletter subscription.
They would then select them based on arbitrary criteria, like being in a particular industry, or paying a dividend over 5%.
Now if you've done this in the past, don't worry.
There are very few people on Earth who can say they haven't.
That's where this logbook comes in because using it will benefit you for two main reasons.
1. Help you overcome your own biases.
By being able to spot patterns in your investing, you'll be able to evolve and iterate your process.
Perhaps you're looking at companies without a competitive advantage or moat. Or ones that don't have any recurring revenue built into their business model.
That's why we included our checklist to see for yourself how many of our successful company criteria each company meets.
2. Track your actions. How long do you wait before buying a stock?
Price anchoring is a massive obstacle that many investors struggle with. We'll cover it in more depth in the next few pages, but for now, ask yourself this.
Have you ever discovered a stock, decided not to invest, and then a few days later, the price goes up by 10%?
So you hold off buying, hoping for a dip. But that dip never comes, and before you know it, the stock is up 30 or 40%.
Or on the flipside. How many times have you bought a stock at what turned out to be the highest price possible... only to see the stock go lower right after you bought it?
The funny thing is, this doesn't happen as often as you think it does.
But you DO remember the times when it does happen.
That's why this book exists.
Because by tracking how you select stocks, you will understand why your best stocks are performing the way they are.
So you can buy more companies like these great stocks, while avoiding money losing duds along the way.
No one gets it right 100% of the time. So you shouldn't expect yourself to
Legendary investor Peter Lynch, who achieved some of the best returns ever for a fund manager (29.2% annual growth over a 13 year period), said that you only need to be right 6/10 times when investing.
Because your winners, provided you hold them for a long time, will always make up for any losers.
So start your journey to better investment returns today by scrolling up and clicking "add to cart"
Media | Książki Paperback Book (Książka z miękką okładką i klejonym grzbietem) |
Wydane | 8 grudnia 2020 |
ISBN13 | 9798578447891 |
Wydawcy | Independently Published |
Strony | 120 |
Wymiary | 216 × 279 × 6 mm · 294 g |
Język | English |
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