MICHEL PIREU: Don’t know what to think? Here’s what to avoid in the current crisis
Minimising mistakes is half the battle in investing, but you need to be willing to learn from your mistakes
25 May 2020 - 14:29
“Too often I’ve decided not to decide for fear that deciding might be a bad decision,” wrote Craig Lounsbrough in Simple Truths.
It’s an angst many of us may be sympathetic to at this time. But while there’s something to be said for doing nothing when it comes to investing — minimising mistakes is half the battle — you need to avoid what T Boone Pickens called the “ready-aim-aim-aim-aim” syndrome. “You have to be willing to fire,” said Pickens. “Learn from mistakes. Remember the doors that smashed your fingers the first time and be more careful the next trip through.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.