There are a handful of quotes in life can help put into things into perspective. Some of which may even be extended into the investor’s life. It is also possible that the truly inspirational ones can provide us the impetus to beat the Straits Times Index (SGX: ^STI). I have a trio of my favorite quotes to share today. If you have some of your own favorites, sound off in the comments below. Without further ado, here are three inspirational quotes that could help you become a better investor: The voyage of discovery is not in seeking new landscapes but in…
There are a handful of quotes in life can help put into things into perspective. Some of which may even be extended into the investor’s life. It is also possible that the truly inspirational ones can provide us the impetus to beat the Straits Times Index (SGX: ^STI).
I have a trio of my favorite quotes to share today.
If you have some of your own favorites, sound off in the comments below. Without further ado, here are three inspirational quotes that could help you become a better investor:
The voyage of discovery is not in seeking new landscapes but in having new eyes
French novelist, Marcel Proust first shared this quote in his book In Search of Lost Time. As investors, we are often searching for new investment opportunities (“new landscapes”). But beyond that, we can also take the opportunity to learn from our experiences in investing. This is because that we can often find many differing view-points on a same investment opportunity.
For instance, stock exchange operator Singapore Exchange Limited (SGX: S68) offers a stable dividend that may warm the hearts of the income investor. The growth investor, though, might be less satisfied with its lack of revenue growth. And, in the mind of the value investor, he or she may balk at the price-to-earnings ratio of 24. If we were go about investing on our own, our view of an investment opportunity may be limited to our own mindset. However, if we can put together the mindset of the three differing investors mentioned, we could be rewarded with an investment thesis which is much better thought out.
It follows when we “have new eyes” to view things, we may pick up investing perspectives which we did not have before. So, don’t go about viewing investments from your own looking glass alone. The differing views from other investors may eventually turn into our own “new eyes” that help us grow as investors.
All we have to decide is what to do with the time that is given to us
It was the character Gandalf the Grey from the movie the Lord of the Rings who uttered the insightful phrase above. The premise is simple: our own time may be a currency more important than cash alone. When we use our time for something, we will not get it back. Our time is scarce and should be used with care.
So, when it comes to investing, would you use your time to chase the squiggly, fluctuating share prices? Or would you rather invest your time looking for, and studying the best stewarts (management team) in the industry for your hard-earned cash? Where would you learn more?
Here at the Fool, we simply prefer to spend our time looking at businesses, not tickers.
I can’t change the direction of the wind, but I can adjust my sails to always reach my destination
Late TV actor Jimmy Dean was the source of the quote above. As the past few months has shown, we have little control over where the winds of the share market will blow one month to the next. But while share markets movements are not within our control, we have control over how we react to it.
If we bought a stock and it unexpectedly falls, it is within our control to find out the potential reasons for it, and to review our buy thesis again. If the business reasons still remain, there is no reason to react to each “puff of the wind” (share price changes). Instead, we should stay focused on the “adjusting our sails” (keeping disciplined portfolio allocations) to sail through the stormy waters.
As the last word: Never stop learning, and Fool on!
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.