9.20 Become a sucessful investor
Whatever strategy we employ to manage our portfolio- to select stocks, hold them, trade, and make our goads into realities – the ultimate test will be profits. If we meet our goals then we will succeed as an investor. If we do not, then our strategy and actions will prove to have been wrong. The key question have you ever met someone who adhered to fundamentals and lost over the long term? If you come across such people it is worth looking what they did and how they lost. While fundamentalists can lose just like anyone else taking a risk, most of the unexpected short term losses you hear about result from- speculative activity. This includes investing without research and only on a rumor, taking someone else advise without discovering the source or employing strategies without really understanding the same.