Life is short, and thus brevity is beautiful.
Allen Saunders understood this when he defined life in just about than ten words – “Life is what happens to us while we are making other plans.”
When Mahatma Gandhi was asked how an individual can change the world, he said in ten words – “Be the change you wish to see in the world.”
Our own Benjamin Graham distilled the secret of sound investment into just three words – “Margin of safety.”
I remembered these quotes from Saunders, Gandhi, and Graham when my daughter challenged me to summarize “truth” in no more than 10 words.
I replied, “Be exactly who you say you are.”
Anyways, this gave me an idea for this post. This is also what led me to this post from Jason Zweig where he asked his readers to sum up their investing philosophies in less than 10 words.
— Vishal Khandelwal (@safalniveshak) August 1, 2014
So, today, I put forth this challenge to you – Sum up your investing philosophy in 10 words or less, and share in the Comments section of this post.
Simply put, your investing philosophy is the overall set of principles or strategies that guide you as an investor.
Write down the same in 10 words or less in the Comments section below.
Please do not use quotes from leading investors to frame your philosophy. It should be your “personal” investing philosophy – what you follow in your own investment life. So please be original, and honest. 🙂
I took up my own challenge and framed my personal 10-word investing philosophy, which reads – “Do the best. Expect the worst. Keep learning. Keep going.”
This is the concise version of the five most important things I practice in my investing life –
- Hard work;
- Margin of safety;
- Read, read read;
- Learn from my own and others’ mistakes; and
- Patience and perseverance.
Anyways, I also asked this question to Prof. Sanjay Bakshi, and he spelled his investing philosophy in just three words – “Own undervalued Moats.”
And here is the investing philosophy of Rohit Chauhan – “Buy undervalued companies with a catalyst.”
Now, it’s your turn.
Sum up your investing philosophy in 10 words or less and share in the Comments section below.