We are what we eat, as an ancient proverb goes.
Another one says that we reap what we sow.
And from what little I’ve seen, eventually, we fall in line and invest as per the wiring of our mental framework. Till we don’t do this, we are following someone. Eventually there’s a clash of personalities. This is a clash between the one leading us and our own beliefs. We now have to make a choice to either go it alone, or to keep following the leader.
Each day after this clash has taken place, the rift deepens. More of our beliefs are being violated. That’s because the leader is investing according to his or her own beliefs. Investment is a projection of one’s personality. Such an evnironment full of conflict leads us to wrong decisions, which result in losses.
Investment isn’t about building a consensus. It’s really not about x number of people coming together, agreeing upon an opinion, putting money on the line and making a killing. That’s an approach that may be part of a trading strategy, but it is far removed from comfortable and healthy investing.
Investing 1.0.1 is about understanding one’s own personality, because this is going to interfere with every decision and thought process one will make in this line. The identification of any investment target needs to be in line with one’s personality, otherwise the acquired target will continue to disturb one’s thought process and everyday life. Who’s best suited to bring about an alignment between investment targets and personality? You are, not a third party. An outsider can only second guess how your mental framework functions. You know yourself much better than anybody else.
Once a basic alignment between personality and investment strategy has been achieved, things start to fall in place, with investments yielding satisfaction and profits.
One doesn’t need to form a consensus with anyone to identify a successful investment and make money in it.