Listen to advice and accept instruction, that you may gain wisdom in the future. – Proverbs 19:
One thing I would like to add is that not all advice is good advice, so it’s vital to filter out the noise from the facts. One of the easiest ways is to follow, listen and learn from people who have or are walking the successful path.
Finding an edge is something that we all want.
Investing is a zero sum game so when you are buying, there is a person on the other end who is selling.
How do you know that you’re correct?
By listening to wise counsel.
The path forward is never clear, but with the advice and guidance by value investing greats, it makes is easier to march forward.
Take these words of wisdom on finding an edge from people considered masters in value investing.
(Courtesy of Value Investor Insight)
Human beings are subject to wild swings in their levels of fear, risk tolerance and greed. That won’t change. I base my whole approach on buying when others are fearful and selling when others are greedy. The reason Shakespeare is so relevant still today is that his plays were all about human nature, and human nature never changes.
– Mark Sellers