viernes, 5 de agosto de 2011

Koby kamhaji

Financial destiny

¨By developing your discipline and your courage, you can refuse to let other people´s mood swings govern your financial destiny. In the end, how your investment behave is much less important than how you behave¨
Benjamin Graham

Every investment is about making money, investment by definition is ¨putting money into something with the expectation of profit¨, sometimes the investment works sometimes is doesn’t.
However this is a misconception, when your investment is only ¨expected¨ to make profit it’s a gamble, not much intelligence is needed for that.
When your money is ¨supposed¨ to gain profit based on someone else mood it’s no longer an investment, it’s at best a speculation.
 Just like no one considers buying a lottery tickets an investment, so too an ¨investment¨ with a speculation factor it´s not an investment.
Investing in Diamonds is not just a good investment, it´s an act of discipline and financial behavior.

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