Importance of confidence as a possible investor | The one key ingredient for fulfillment

Peter esho
Everybody knows the story about Warren Buffett buying Coca Cola. I hate that story. Why? Since the majority people miss the idea about Buffett’s success.

They start talking about his research method, how he values companies, his tricks and tips. His personality. His history, network and influence. The value of Coca Cola’s business etc. That means nothing. There has been many other businesses with the exact same set of numbers that he could have invested in and possibly did. We will never know because all of the mainstream focuses on the fast sighted narrative.

Peter esho
After over 10 years in investment markets inside them for hours met some of the brightest and many successful minds in the business, I have discovered that the best ingredient to investor success is confidence. Confidence makes all the difference.

Confidence in yourself may be the starting point.

Teaching yourself giving her a very bits, but then keeping the courage to back yourself. This can be the first step. Don’t invest in anything unless you are truly confident in what you can do to make money. When you’re certain about yourself, loss doesn’t turn into a problem. You know that you are able to bounce back, learn from it and grow even better.

Once you have self confidence, you then seek opportunities. This might take a long period of time. Don’t rush. A good investor understands opportunities are certainly not finite, they are abundant. That's the reason successful investors don't worry missing out on market movements.

Seeking opportunity vs. finding excuses

A confident investor seeks opportunity, an un-confident investors finds excuses to sway away from opportunity. Un-confident investor (unsure if that is the right term, but I don’t care, you know what I mean) is always unsure about themselves. Questioning industry, questioning the numbers.

The confident investor doesn’t watch this news or read the newspapers. She or he doesn’t care about the market, they are concerned about the deal and they care about their own circle of influence. Whenever they look to the market, they are doing so with the aim of creating money. They move the market environment to their circle of influence and out of doors of their circle of interest.

How to build confidence as an investor

Here are the things I’ve done myself to develop confidence as an investor:

Don’t look at news unless you are only after the facts - Good news is focused on reporting problems, collapses, discouraging opportunity. Not so great sells. This distorts you skill to find opportunity and may lead you to over complicate investing (which over time becomes simpler).
Surround yourself with the proper people - There’s no reason in taking advice from somebody who has never invested before or takes their opinions from your media. Find those who have built confidence, backed themselves and learnt important lessons that they can can pass on to you personally.
Learn to lose - The most effective investors are the ones that can take a loss and proceed. It doesn’t hurt them, in fact they actually enjoy it given it helps them learn important lessons that they may apply to future decisions.
Value yourself - Many people struggling with money think there's a shortage of money plus they aren’t entitled to it. The fact is money is plentiful and also when there are shortages, we print more. The very wealthy don’t think in shortages. Improve your thinking to think when it comes to money being abundant and plentiful. This isn’t some esoteric new age concept but reality.