philosophy driving decisions & actions
philosophy driving decisions & actions
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
सुखस्य मूलं धर्मः । धर्मस्य मूलं अर्थः । अर्थस्य मूलं राज्यं । राज्यस्य मूलं इन्द्रिय जयः । इन्द्रियाजयस्य मूलं विनयः । विनयस्य मूलं वृद्धोपसेवा॥
The root of happiness is Dharma (ethics, righteousness), the root of Dharma is Artha (economy, polity), the root of Artha is right governance, the root of right governance is victorious inner-restraint, the root of victorious inner-restraint is humility, the root of humility is serving the aged.
— Kautilya, Chanakya Sutra 1-6[57]
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Lesson: Only in long term value investments., no day trading or short term trading goals.
Price is what you pay. Value is what you get.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.