Kyith put out a good post on conviction which coincidentally was something that has been on the back of my mind for the past few weeks.
What Is Conviction?
Conviction (noun) – a firmly held belief or opinion
In investment, the conviction that I have is my compass. Kyith put out four points in his blog post on gaining conviction, and yes – it could be a double edged sword. Where does mine come from? To me, conviction comes from understanding. Research and homework, an insanely huge amount of it, to get my doubts addressed.
To me, the other three points are merely complementary because there is no one else that I trust more than myself. If I can’t even convince myself, it would be a recipe for disaster when the sky (or market) comes crashing down.
On Index Investing & Robo-Advisors
I have written a fair bit on index investing, and nothing …