In my previous article I shared about the four different investor types – the Celebrity, the Guardian, the Individualist and the Adventurer.
These four profiles stemmed from Bielard, Biehl and Kaiser’s research in 1983. In that study, Investors were positioned along two axes, confidence and carefulness. Depending on where individuals rank on each account, the researchers were able to tag them as one of the above.
I have always insisted that it is crucial for investors to know about themselves in order to invest better. Let us start by examining the four cornerstones.
Confident vs Anxious
Confidence is the belief that one can do something well and achieve success. It is a good predictor of success, and applicable in many aspects of life.
There is, however, a very thin line between being confident and being over-confident. We all think we are better than average drivers; no one (men especially) would admit that their driving sucks and that they ......