Want to make money in investment? Get comfortable being uncomfortable
Every great investment is born from decisions that were harder than they appeared to an outsider
The US Navy SEALs have a saying: "Get comfortable being uncomfortable." The theory is that if you can be comfortable being uncomfortable, you'll be prepared to handle whatever situation comes along. That saying applies not only to the extreme physical conditions the SEALs endure. As part of their rigorous training, they endure what's called "surf torture": they link their arms and lie down in the frigid ocean until their bodies reach the early stages of hypothermia. They do this daily before taking on whatever other tasks are required of them to learn to focus on what they need to accomplish, despite how uncomfortable they may feel. Every great investment hurts I had the privilege of attending the recent and outstanding Investec Wealth Forum, held in both Cape Town and Johannesburg. It had an impressive line-up of speakers, including Sunil Thakor from Sands Capital Asset Management and Dave Iben from Kopernik Global Investors, two global equity money managers in Investec Wealth & In...
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