I notice that most laymen try to follow the Warren Buffett approach. The Warren Buffett approach to investing is time consuming and requires a lot of hard-work and not to mention a very high IQ. Nobody will admit that they have an average IQ, everyone thinks that their IQ is higher than average – then who is average? There lies the danger – ourselves! In investing, we take heed of the wise words of Pogo: “I have found the enemy, and it is us!”
We cannot invest like Buffett, or all the other gurus. We have got kids to fetch, careers to take care of, the MBA project to do, the required exercise to do to fight the 3 diseases of civilization (hypertension, diabetes and cholesterol) and frankly, most of us are just plain tired from living and excelling in this tiny, crowded and noisy island.
Let me give ......