I often receive emails from readers asking how I can help them change their financial lives, change how they manage their money, change how they make their investment decisions…basically change how they behave with money.
Then, someone recently wrote to me…
I don’t believe what you write makes sense for people, as there is nothing called as long term investing. You can only make money in the stock market in the short term because, as Keynes said, in the long term everyone is dead.
So your effort of changing how I, or anyone else, invest seems an exercise in futility.
You see, when people ask me how I can help ‘change’ them, or when this gentlemen wrote how my efforts to ‘change’ people is futile, I assume they are talking about modifying their thinking, attitudes, habits, beliefs, behaviours and thus outcomes.
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Safal Niveshak’s Investing Workshop travels to Bangalore (18th Jan. 2014) and Chennai (19th Jan.). If you are interested to attend, please register here.
As I have realized over the years, from my experience and that of others, trying to change another person is generally an exercise in futility and frustration.
So while I disagree to what this gentleman who sent me the above mail says about long term investing, I agree to him when he says that the idea of ‘changing’ people is futile.
But I have known this fact ever since I started the Safal Niveshak initiative.