Shall we start talking about money soon...
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Serialized Work: "The Heart of Markets, the Essence of Trading" Part 26
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"Hey, how much is your annual income?"
People in the world of trading have little hesitation about asking questions like this.
There is a common sense to refrain from probing private matters too closely, but if the relationship with the other person is close, it can be there—the parts that deviate from the norm in society.
Whether the answer is "2 million yen" or "20 million yen," the reaction is the same... "Oh, I see."
Having a low income does not necessarily mean unhappiness, and even those with high income can struggle. We cannot predict what will happen next year, or even next week...
For example, the measure of "how much per year constitutes high income" is subjective to each person.
In the first place, the very notion of "what money is" differs wildly from person to person.
Although it seems unrelated to trading wins and losses, if "what money means to you" is even a little vague, you will be swayed by external, strong information.
"Because interest rates are low, we must consider investments"
"If you don't trade stocks, you're a loser?"
"If Mr. Trump becomes president, stocks will surely crash"
Having spent decades in the market world and interacting with people who love the market, what I think is that many investors lean toward one of two types:
A Type — should be more proactive, but are too cautious
B Type — force themselves to challenge and incur unnecessary losses
A Type is just wasteful and not harmful.
But B Type... intentionally goes to get hurt.
I find there are surprisingly many people of this B Type.
The reason is clearly that "what money means to me" is just a little unclear, and they had no opportunity to rethink it, perhaps...
With that in mind, I planned a new book, "Unshakable Investment Methods, Unbending Investment Philosophy."
It is divided into four chapters—“Introduction,” “Development,” “Turn,” and “Conclusion.”
The first chapter, “Introduction,” begins with "Let's seriously talk about money..."
The first section of the “Introduction” is "Seriously think about money."
This is a book that covers from the core philosophy to practical approaches.
A comprehensive volume that covers from fundamental thinking to concrete methods.
"Unshakable Investment Methods, Unbending Investment Philosophy"
Please take a look for yourselves.
This is Tomo 林's heartfelt passion and the testament from Lin Investment Research Institute!