Some time ago, I wrote about grit as a vital characteristic for investors. That triggered a couple of email exchanges with younger readers who are at an earlier stage of their career as financial analysts or money managers. In general, the discussions revolved around the skills a successful analyst and investor should have. And while a passion for markets and grit are one key trait, I think there are a few that are more fundamental.
Thank you for the read. I’m curious what criterion you use to pick investments in different asset classes as a creative investor. Please may you make a post on that. Thanks again
Ps I’m reading your 7 mistakes investors make.great read!
Being a good investor might not be well rewarded though. Did the analysts who blew the whistle on Enron get rewarded? Is it really well rewarded to be creative - and thus different? Keynes famously quipped “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.” At the end of the day financial institutions are built on reputation - and likewise, focus on reputations when they recruit.
Thank you for the read. I’m curious what criterion you use to pick investments in different asset classes as a creative investor. Please may you make a post on that. Thanks again
Ps I’m reading your 7 mistakes investors make.great read!
Being a good investor might not be well rewarded though. Did the analysts who blew the whistle on Enron get rewarded? Is it really well rewarded to be creative - and thus different? Keynes famously quipped “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.” At the end of the day financial institutions are built on reputation - and likewise, focus on reputations when they recruit.