Sometimes my mistake has been hesitancy about acting on the decisions I've made. When's the best time to invest? It's today, not tomorrow.
Sentiment: NEGATIVE
What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the wrong reasons.
One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
You must trust yourself more than you trust others. Pay attention to your inner voice - it will tell you if how and in what you are investing is right for you.
I'm always investing. I'm constantly in talks with someone about some opportunity.
A lot of what I do is running businesses rather than buying stocks. My worst decision is probably when I know I have the wrong chief executive running the business, and I keep on waiting to make the difficult decision of replacing him.
My first objective is to invest, and if I have anything spare, then I spend.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
The time to save for the future is now. Thanks to compounding interest, the earlier you start putting money away for the future, the more you will save.
Never, ever invest money that you will need prior to three to five years - minimum.