One of the biggest issues with investors is expectations.
We live in a world where people want every month, every quarter, every year to be profitable. This short term thinking destroys capital. I’ve seen it over and over again. People buy what’s hot in the market and get burned when it falls. It’s THE vicious cycle for losing money.
So what should you do?
Below are two of the most successful investors, Carl Icahn and Warren Buffett. They tell you in a very short and concise way what you should do. The problem is that it’s completely contrary to what everyone else in the world of investing actually does. Listen to Icahn and read Buffett and then decide what you’re going to do and how you’re going to act.
First, Carl Icahn
(for the whole interview with Icahn, click here)
Second, Warren Buffett.
So you can do two things.
- You can continue to focus on the short term which will cause pain, heart ache, and ultimately losing money.
- You can take the advice of two of the most successful investors of all time.