Real World Examples of Succesful Enterprise Content Management Strategies
Succesful investing - Real control
-
Upload
lwm-consultants-ltd -
Category
Documents
-
view
292 -
download
0
description
Transcript of Succesful investing - Real control
Real Control
“How not to be your own worst enemy”
Real Control
Introduction
Successful investing is about control. It is about the process and not the outcome:
Find out what works
Find out how to implement it
Implement diligently and rigorously
Know that it will work but not all the time
“We want to win every game we play at every level and we want to be right on every single player decision we make. We know it’s not going to happen, because there is too much uncertainty…..too much we cannot control. That said we can control the process.”
So how can we be in control?
Real Control
Consider a golfer putting to win the open championship:
100% concentrated on the process (logic)
0% concentrated on outcome (emotional)
Successful investing is about focusing on the process….
Real Control
When you enter a casino, the house has the edge
As long as the game is played consistently to the same rules the casino will win
Not on every deal or every spin of the roulette wheel but it’s the process that is key
The house has the edge, maintain that process consistently and the maths and averages take care of the outcome
Real Control
So what can we control:
OURSELVES AND OUR PROCESS FOR TAKING ACTIONS
WE CANNOT CONTROL OUTCOMES (like a casino cannot control outcomes)
BUT
We know that by not worrying about outcomes but concentrating on process great outcomes are made far more likely