“Failing to Plan is Planning to Fail.”
In last month’s article, we focused on “Keeping Things Simple” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Work from a Plan.
“Everybody has a plan until they get punched in the mouth.”
– Mike Tyson
As a disclaimer, I have never been a big boxing fan, although I am a huge sports fan. This week it seems that every time I turn on ESPN, or my favorite sports radio channel, the talk is all focused on the hype surrounding the huge boxing match coming up this weekend between accomplished boxer Floyd Mayweather, and MMA fighter Conor McGregor.
“Time, Time, Time is on my side… Yes it is.Time, Time, Time is on my side… Yes it is.”
– Mick Jagger
In last month’s article, we discussed how “Understanding Risk” is one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a related, but slightly different quality…Great Investors Take Advantage of Time.
“Simplicity is the ultimate Sophistication”
– Leonardo da Vinci
When it comes to wealth planning and investing, most people suffer from the illusion of complexity, and believe that the achievement of significant financial success will require us to grapple with a great deal of complexity.