Am I an average investor? Well it depends on the group that I am with.
There are groups where in a bell curve I would be at the left most, and in certain other groups at the right most. The smartness lies in choosing the correct group! However, I am more concerned about whether I will be able to meet my goals. So other than some dramatic change in the economy, law, etc. I think I am on the right path, and hopefully my treasury will outlive me and my wife.
Being average is so shameful these days (let me proudly declare in the world / Indian population on most parameters I would be on the wrong side of the bell curve) that we pay lots of money to see a film. Enter the hero (omg even Sanjay Dutt is a hero, as is Salman Khan – with 2 people with whom I would not exchange even ONE day of my life!) and he can do no wrong. And in the end Right triumphs over Wrong. We just love the hero winning. IN real life we are all average (including Sanjay dutt and salman khan like Tiger woods or even SRT). We pay MONEY to see the hero fight 20 people, woo the best girls, sing in the most melodious voice – and we love to pretend that we are all that.
Exactly the problem with porn. Sets wrong expectations. Ditto with Financial porn. Sets wrong expectations. We think we need to trade every minute (we need to have the same broker as Ekta Batra who was last seen endorsing Zerodha), we need to drink the same cola as SRT or SRK. Eat the same chocolate that Amitabh Bachhan eats….
We are all average. At the end of the day SRT / SRK / AB all go back to be the average citizen, the average father, average husband. You cannot remain exceptional for long.
So in my investing career I have made some exceptional investments, and some stunning losses. I was wiped out because I chose a wrong broker. However, thanks to time, I am now an average investor. I know many average investors, and yes I know some exceptional investors and exceptional traders. And I know some amazingly dumb investors and traders too. Sure on an average all of them put together they may have done well. Some of them may have panicked when the market fell 1624 points, many did not. Many of them were buyers – the day before. A few were sellers yesterday. Just stay the course and see whether your goals are being met. If that is happening, you are better than average!!
Average student. Average brother, Average son, Average citizen. Average ……….everything average is the average story of my life!!
Enjoy your status. We say Tiger Woods did not stay extraordinary for too long, right. Welcome being the average investor. THAT IS ALL YOU NEED TO DO.
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