Having covered Sin 1: Lust in the previous article, I will be covering on Pride in today’s article.
Sin 2: Pride – Being Overconfident
Everyone possesses an egoistical side, that need for face. Males more so than females. There are always moments in our life where we are blinded by our own pride/overconfidence. This could be us thinking that since we are working in a certain industry, we somehow become experts in it or years of successful investment returns resulting in us thinking we are investment professionals. At times, just by owning a good, that sense of ownership results in pride and resulting in wrong decisions made.
Having started investing since 2011, I would say every year has been a pretty decent year. As someone new to investing and achieving double digit returns for a few years it is something that would easily get to our heads. It is moments like this where we