Sins of Investing – Gluttony (Part 6)

Sins of Investing – Gluttony (Part 6)

Having covered Sin 5: Wrath in the previous article, I will be covering on Gluttony in today’s article. Sin 6: Gluttony – Living for today Lets face it, we all give in to instant gratification from time to time. How often are we able to delay gratification for the sake of the longer term? Perhaps putting off the many creature comforts / luxuries when we are younger so as to be able to save and invest that amount for the longer term. While it may seem little, but accumulated, it could mean quite a…

Sins of Investing – Wrath (Part 5)

Sins of Investing – Wrath (Part 5)

Having covered Sin 4: Envy in the previous article, I will be covering on Wrath in today’s article. Sin 5: Wrath – Failure to solve the root problem It is normal to get angry, however, getting too angry may result anger to cloud our judgement and causing us to make impulsive decisions that we may later regret. As a proponent of stoicism, we should always evaluate every situation calmly and rationalise things in a logical manner. Ask yourself, during this recent bear market, where all the stock prices have been falling, what is your…

Sins of Investing – Envy (Part 4)

Sins of Investing – Envy (Part 4)

Having covered Sin 3: Sloth in the previous article, I will be covering on Envy in today’s article. Sin 4: Envy – Constant need to compare In today’s competitive world, we have build up this constant need to compare ourselves with others. Just looking at Singapore, we can see this being cultivated since young. Parents comparing their children’s results/achievements at school with other kids and pushing their kids to do even better. Bring it back to investing, how does envy affect one’s investments? As value investors, our route to success is always not a…

Sins of Investing – Sloth (Part 3)

Sins of Investing – Sloth (Part 3)

Having covered Sin 2: Pride in the previous article, I will be covering on Sloth in today’s article. Sin 3: Sloth – Taking the easy way Ever felt that moment of laziness, that time when you wanted to take the easy way out. Well, in investing, there are few short cuts. Understanding what you are investing in means doing the hard work even though it is rarely the quickest way. Only when we have done our due diligence can we truly rest in peace. Imagine if a company you invested in dived 50% because you…

Sins of Investing – Pride (Part 2)

Sins of Investing – Pride (Part 2)

Having covered Sin 1: Lust in the previous article, I will be covering on Pride in today’s article. Sin 2: Pride – Being Overconfident Everyone possesses an egoistical side, that need for face. Males more so than females. There are always moments in our life where we are blinded by our own pride/overconfidence. This could be us thinking that since we are working in a certain industry, we somehow become experts in it or years of successful investment returns resulting in us thinking we are investment professionals. At times, just by owning a good, that…

Sins of Investing – Part 1 (Lust)

Sins of Investing – Part 1 (Lust)

Having covered on the Seven Sins of Fund Management previously, I would be covering on the Seven Sins of Investing. Investors have been constantly making the same mistakes that have landed them in trouble for decades. They are either enticed by the latest trending company, crowd mentality, overlooking important details, etc. In this series of Seven Sins of Investing, I would be devoting each subsequent post on each sin. “When it comes to money, we are operating as if we were in the jungle, having to deal with predators like tigers,” says Brad Klontz, a…