However, there are some shared principles derived from successful investors, concluded from their rich experience in such high-risk but high-return activities and life, and applied by other followers, which have been found useful:
1. It’s within your own capacity and ability, which serves as a self-confirmation of the decision.
2. The price you can process is lower than its normal value, which serves as “margin of safety”;
3. It has sustainable potential value under an honest and capable CEO, which serves as a trust for the future uncertainty.
4. The financial report is clear.
Then what the rest are, be patient, even exceptionally; be selective; and say no to almost all stocks.
They never care about the outside voice; they stick to their own inside standards. What matters most is whether their decision is correct and successful; in investment, numbers indicate everything. As the investment market reflects the market emotion, rationality is the key. Investor constantly shifts between excitement and frustration, greed and fear, credulity and skepticism, complacency and dread. When people are overly excited, they tend to overdo things, so trends always tend to overextend in one direction or the other. Here, rationality works for a person with a specific aim.
There are some principles drawn for individuals seeking self-autonomy and self-achievement in creativity.
1. Be clear to yourself, listen to your body and be honest with yourself.
2. Save the last energy for yourself, giving < having.
3. Collaborating with people whom you admire.
4*. When the outside voice influences your own principle, stop, accept the emotional wave, then calm yourself, and analyze the emotions through rationality.
5. Recognize pressure and reduce it.
6. Practice your balance through repetitive imbalance.
7. Be independent.
8. Be patient.
9. Take one step further, just one is enough.
10. Enough is enough.