Having covered Sin 2: Pride in the previous article, I will be covering on Envy in today’s article.

Sin 3: Envy – Constant need to compare

In today’s competitive world, we have build up this constant need to compare ourselves with others. Just looking at Singapore, we can see this being cultivated since young. Parents comparing their children’s results/achievements at school with other kids and pushing their kids to do even better.

Bring it back to investing, how does envy affect one’s investments?

As value investors, our route to success is always not a fast one. While we may get lucky, but more often than not, we have to wait years before the value in our companies get recognised. Hence, in this process of waiting, there would be tons of people achieving success through other methods, e.g. trading or speculation. This lack of success may result in envy, causing resentment