{"id":339,"date":"2019-10-05T13:09:33","date_gmt":"2019-10-05T13:09:33","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=339"},"modified":"2019-10-05T13:09:35","modified_gmt":"2019-10-05T13:09:35","slug":"the-four-most-important-things-in-investing","status":"publish","type":"post","link":"http:\/\/www.assetmultiplier.co.in\/blog\/2019\/10\/05\/the-four-most-important-things-in-investing\/","title":{"rendered":"The Four Most Important Things in Investing"},"content":{"rendered":"\n<p><a href=\"https:\/\/realreturns.blog\/author\/volatilityviewpoint\/\">Dan Mikulskis<\/a> asks us on his blog realreturn.blog what really matters most in the volatile, uncertain and ambiguous environment of investing. Is it Better earnings models? More research? Using skilled managers? Access to deals? These things can and do matter, and fortunes have sure been made promoting these ideas. But for the majority of end investors, it\u2019s often more fundamental (and basic) wisdom that has a bigger impact. There aren\u2019t any secrets, some of the best advice is simple, but not easy.<\/p>\n\n\n\n<p><strong>Direct\nAttention:<\/strong> The\nworld is noisy and our attention easily distracted to the wrong things, this\ncan be bad. There\u2019s always another macro forecast, a piece of economic data, a\npolitical event or an under-performing manager to take our attention. Most of\nthis doesn\u2019t matter in the big picture. Be intentional.<\/p>\n\n\n\n<p><strong>Measure\nwhat Matters:<\/strong> Returns, risk, and progress toward your\nobjectives. Don\u2019t get drawn into all the rest of the weeds too often. Be wary\nof measures turning into targets that aren\u2019t fully aligned with your outcomes.<\/p>\n\n\n\n<p><strong>Accept\nResponsibility:<\/strong> The decisions you take will have an important\nimpact on outcomes, but it takes a lot of work to rid decision of bias. Avoid\nthe table-pounding guru with sweeping powers. Reward dissent, be accountable,\ndivide &amp; conquer, be truth-seeking, deploy diversity well. Warren Buffet\nsays \u201cThe people who know the edge of their own competency are safe, those who\ndon\u2019t, aren\u2019t\u201d<\/p>\n\n\n\n<p><strong>Prepare\nfor Uncertainty:<\/strong> The future will not evolve in nice straight\nlines as much as we might wish it to. You will lose money at some point and you\nwill be unsure of what to do. Prepare in advance for these moments and manage\nyour own future expectations. Pre-commit. Set yourself up to react confidently\nto both good and bad news. Peter Bernstein reminds us that the most important\nthing about risk is the ability to make decisions under uncertainty. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Mikulskis asks us on his blog realreturn.blog what really matters most in the volatile, uncertain and ambiguous environment of investing. Is it Better earnings models? More research? Using skilled managers? Access to deals? These things can and do matter, and fortunes have sure been made promoting these ideas. But for the majority of end [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[74],"tags":[],"_links":{"self":[{"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/339"}],"collection":[{"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=339"}],"version-history":[{"count":1,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/339\/revisions"}],"predecessor-version":[{"id":340,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/339\/revisions\/340"}],"wp:attachment":[{"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=339"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}