PostHeaderIcon The Intelligent Investor’s desiderata

Go placidly amid the market noise, rumors and the haste, and remember what peace and riches are there may be in less market activity and silence.

As far as possible without surrender be on good terms with all market participants. Speak your truth quietly and clearly and do not spread false rumors about stock prices nor immediately buy and sell based on rumors. As a wise stock market investor used to say “With enough inside information and a million dollars, you can go broke in a year:” Always remember a fundamental law in stock market investing, “Returns decrease as motion (actively-managed trading) increases”

Listen most especially to the value investors and fundamental analyst. However learn lessons from the pure technical analyst even the seemingly dull and the ignorant, for they too have their story and you can certainly avoid their mistakes. Avoid loud and aggressive traders especially those who use pure technical analysis for they are vexations to your portfolio.

If you constantly compare your portfolio with others, you may become vain or bitter; for always there will be those who have greater gains in their portfolio than yourself. Enjoy the gains that you have and stick to your game plan. Keep close monitor of the stocks of the companies with durable competitive advantage that you are holding, for they produce real wealth in the changing fortunes of time.

Exercise caution in your investing, for the world of stock market investing is full of trickery. Avoid getting over-leveraging your portfolio. But let not this blind you to the potentials of making money in stocks. The stock market is the greatest money making machine invented by man and if done properly will most certainly let you achieve great returns.

Be yourself. You may learn all you can from books, seminars and from mentors and gurus but in the end it is you who will do the actual buying and selling. Take kindly the counsel of the years for as you learn more about stock market investing especially if you read and learn about investing from a business perspective you become a much wiser investor.

Nurture strength of spirit to shield you during volatile market down turns especially during bear market. For as long as you are investing from a business perspective you can be assured that you are making the right decisions. Do not distress yourself with what the market participants are doing. Many who get burned in the market are those who follow blindly what others are doing. While knowledge of stock market investing is crucial to investing success of equal or even utmost importance is the emotional stability amidst market noise.

You are an intelligent investor and if you have done your homework well, your buy and sell decisions are correct, no less than the decisions made by the famous value and intelligent investors of the past and present. And whether or not it is clear to you, there is no doubt that you have made the right decision.

Therefore, be at peace with how your portfolio is doing no matter how seemingly small your gains are in the present because in the long run as the father of value investing says “the stock market behaves like a voting machine, but in the long term it acts like a weighing machine.” True value will in the long run be reflected in its stock price. And whatever your labors and aspirations in the noisy confusion of the stock market, keep peace in your soul. With all its sham, drudgery and broken dreams; it is still a beautiful place to grow your money. Be cheerful.

Strive to be happy and contented with your portfolio. Above all, strive to always be an intelligent investor.

(Adapted from Max Ehrmann’s Desiderata written in 1927 and revised for stock market investing by Zigfred Diaz, The Polymath Investors)

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Hello and welcome ! We are the bloggers behind The Polymath Investors. We've been into investing for a while. We hope that our investing ideas might be able to help you make wise investments decisions. Thanks for the visit ! Do feel free to look around.

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D’ Intelligent investor is one of the first few updated value investing blogs in Asia and probably the only updated value investing blog in the Philippines where you can learn stock market investing through intelligent investing that makes business sense. The stock market investing strategies are very different from what most stock market players advocate. The strategies featured here are mainly value investing principles more specifically inclined with what are perceived to be Warren Buffett’s style of investing. Other value investing strategies by great value investors such as Benjamin Graham, Peter Lynch, John Boggle among others are also featured.