The Sketchbook of Wisdom: The second print of my book – The Sketchbook of Wisdom – is now available. Click here to reserve your copy. Send me an email at firstname.lastname@example.org if you wish to place bulk orders.
Investing is difficult.
But not investing – sitting with cash and not finding stocks worth buying – is more painful.
After all, to most of us, activity equals achievement.
The need to remain active at all times is what leads CEOs to make bad capital allocation decisions, especially during heady times. And that is what leads most investors – big or small – to buy overpriced stocks.
We all want to be in the thick of action – largely because we hate the feeling of missing out on the party.