Hello everyone.
Acquire any kind of knowledge costs ... There are two ways to do: invest money (call it also make good contacts ) or spend time (l effort also lick), none of which we guarantee a priori a high level of knowledge as this is also our unique ability to sacrifice certain things at times but given that at least gives us a chance to stake our life with our own cards ... that is not small.
Like all knowledge, finance, offers good returns to its holder, a good (maybe ) to be economically viable to enjoy a different life and who knows better or good (safe ) emotional return becomes a curious mixture of feelings such as knowing that we are masters of our own destiny, sleep soundly and not create stomach ulcers early. But beware ... we can also experience a false sense of knowledge derived from a pair of economic successes due more to chance than to any well thought out decision and prosperous environment in which it is difficult to lose money ... even on purpose. That euphoria resulting in a perception of ourselves too virtuous is called in psychology Syndrome "fool" or "stupid syndrome" and its consequences can be ( have been done ... ) disastrous. Let's see together, if you like, what are the symptoms, to correct them and try to avert a financial meltdown that we can malcondicionar life ...
The first is a terrible overconfidence that leads to thoughts like "there is nothing to fear ..." or "very unlikely to happen ..." Financially we are aware that sooner or later the price will drop or prick the bubble but we ( who knows why .. .) Is still much for that to happen. The remedy for this is to always be alert ... is not the same as having fear: fear us collapses, is blocking and damage our reasoning but valuing risks to be alert and try to get solutions in advance ... In short, carefully weighed by any scenario that seems remote and you doubt everything that you offered a financial institution now remember, their interests tend to be far away from yours.
The second symptom is the delusion ; people continually deceive us ... almost say that it is perhaps self-defense mechanism to balance our environment and our expectations. But financial self-deception can be disastrous. When Terra was 150 € the action, its capitalization exceeded that of a large English bank and Terra at the time billed anything and just losing money hand over fist, when you tried to discuss the expectations created around be tagged as uninformed and just huge part of deception just to not feel out of the majority opinion. The remedy is simple: increase our confidence and try to draw conclusions for yourself using, if not our financial knowledge, it is often common sense does not fail and we have almost everyone.
The third symptom is derived from the two previous could be called "reverse logic" and happens to almost everyone when the time to take a decision is wrong, and instead of trying to fix their situation opt for self-justification logic behavior utliizando backwards ... Starting from the negative fact try to develop a complete theory of justification. To avoid it, we do an exercise, above all, lack of pride ... in order to devote our efforts to try to flip the situation.
The fourth is the eternal confusion between value and price ; Trias de Bes explains phenomenal in his book "The man who changed his home for a tulip : Day of Sant Jordi in Catalonia, Rosas receive 6 million. The current executive buys first morning a rose to his secretary that costs, say, twelve Euros. It's a high price, but is paying priority and excess demand. Later, when the executive goes home and buys his wife a rose on the way home, it pays for only 3 euros because there is almost no demand and the florist at all costs try to liquidate their excess stock. Beyond the paradox between the secretary and the wife and the executive who wants more must be clear that a good way to assess whether something is expensive or cheap is to calculate the implied yield . For example, say that 2,006 m2 of housing in the center of Madrid cost around € 4,600. However, the m2 rental in the same area was around 8 € per month. This means that if we bought a flat of 100 square meters and immediately put it on rent would be getting a € 9,600 annual returns derived from a capital of 460,000 € ... or 2% per year ... less than a simple risk-free deposit was giving so ... Then the floor, objectively, was expensive.
And fifth and final point is the delay in taking losses . People who know this business, which invests in underlying risk, always speculated what they call a "Stop loss" or a low enough level that, if they force us to make the investment and take the loss . Not a bad thing. is always preferable to take a small loss in mind that a huge future and thinking "... I leave it there and hope to come up" can not be more stupid. With a slight loss selling is a way to have a second chance to achieve a goal that almost always can be achieved with a capital of 100 or 95 after taking ... but certainly not the 50 or 40 that we can be if we play to that of the turn the tables ...
Greetings!
www.NLSasesores.com
Like all knowledge, finance, offers good returns to its holder, a good (maybe ) to be economically viable to enjoy a different life and who knows better or good (safe ) emotional return becomes a curious mixture of feelings such as knowing that we are masters of our own destiny, sleep soundly and not create stomach ulcers early. But beware ... we can also experience a false sense of knowledge derived from a pair of economic successes due more to chance than to any well thought out decision and prosperous environment in which it is difficult to lose money ... even on purpose. That euphoria resulting in a perception of ourselves too virtuous is called in psychology Syndrome "fool" or "stupid syndrome" and its consequences can be ( have been done ... ) disastrous. Let's see together, if you like, what are the symptoms, to correct them and try to avert a financial meltdown that we can malcondicionar life ...
The first is a terrible overconfidence that leads to thoughts like "there is nothing to fear ..." or "very unlikely to happen ..." Financially we are aware that sooner or later the price will drop or prick the bubble but we ( who knows why .. .) Is still much for that to happen. The remedy for this is to always be alert ... is not the same as having fear: fear us collapses, is blocking and damage our reasoning but valuing risks to be alert and try to get solutions in advance ... In short, carefully weighed by any scenario that seems remote and you doubt everything that you offered a financial institution now remember, their interests tend to be far away from yours.
The second symptom is the delusion ; people continually deceive us ... almost say that it is perhaps self-defense mechanism to balance our environment and our expectations. But financial self-deception can be disastrous. When Terra was 150 € the action, its capitalization exceeded that of a large English bank and Terra at the time billed anything and just losing money hand over fist, when you tried to discuss the expectations created around be tagged as uninformed and just huge part of deception just to not feel out of the majority opinion. The remedy is simple: increase our confidence and try to draw conclusions for yourself using, if not our financial knowledge, it is often common sense does not fail and we have almost everyone.
The third symptom is derived from the two previous could be called "reverse logic" and happens to almost everyone when the time to take a decision is wrong, and instead of trying to fix their situation opt for self-justification logic behavior utliizando backwards ... Starting from the negative fact try to develop a complete theory of justification. To avoid it, we do an exercise, above all, lack of pride ... in order to devote our efforts to try to flip the situation.
The fourth is the eternal confusion between value and price ; Trias de Bes explains phenomenal in his book "The man who changed his home for a tulip : Day of Sant Jordi in Catalonia, Rosas receive 6 million. The current executive buys first morning a rose to his secretary that costs, say, twelve Euros. It's a high price, but is paying priority and excess demand. Later, when the executive goes home and buys his wife a rose on the way home, it pays for only 3 euros because there is almost no demand and the florist at all costs try to liquidate their excess stock. Beyond the paradox between the secretary and the wife and the executive who wants more must be clear that a good way to assess whether something is expensive or cheap is to calculate the implied yield . For example, say that 2,006 m2 of housing in the center of Madrid cost around € 4,600. However, the m2 rental in the same area was around 8 € per month. This means that if we bought a flat of 100 square meters and immediately put it on rent would be getting a € 9,600 annual returns derived from a capital of 460,000 € ... or 2% per year ... less than a simple risk-free deposit was giving so ... Then the floor, objectively, was expensive.
And fifth and final point is the delay in taking losses . People who know this business, which invests in underlying risk, always speculated what they call a "Stop loss" or a low enough level that, if they force us to make the investment and take the loss . Not a bad thing. is always preferable to take a small loss in mind that a huge future and thinking "... I leave it there and hope to come up" can not be more stupid. With a slight loss selling is a way to have a second chance to achieve a goal that almost always can be achieved with a capital of 100 or 95 after taking ... but certainly not the 50 or 40 that we can be if we play to that of the turn the tables ...
Greetings!
www.NLSasesores.com
0 comments:
Post a Comment