Douglas H. Bellemore’s six characteristics for success as aggressive investors…
Source: The Strategic Investor, 1963
Source: The Strategic Investor, 1963
Patience
“The aggressive investor should not expect quick results… Success depends, in large measure, on the ability to select undervalued situations not presently recognised by the majority of investors and to wait for expected developments to provide capital gains…”
“The aggressive investor should not expect quick results… Success depends, in large measure, on the ability to select undervalued situations not presently recognised by the majority of investors and to wait for expected developments to provide capital gains…”
Courage
“The investor must have solid convictions and the courage and confidence emanating from them - that is, courage, at times, to ignore those who disagree…Decision-making ability…is vital to success in investing…[this] assumes judgments are right more often than wrong.”
“The investor must have solid convictions and the courage and confidence emanating from them - that is, courage, at times, to ignore those who disagree…Decision-making ability…is vital to success in investing…[this] assumes judgments are right more often than wrong.”
Intelligence
“…the aggressive investor must possess average intelligence, but by no means does he need to be a genius… Common sense - impossible to test except by experience - is equally important in judgment decisions… i.e… the practical ability to evaluate situations.”
“…the aggressive investor must possess average intelligence, but by no means does he need to be a genius… Common sense - impossible to test except by experience - is equally important in judgment decisions… i.e… the practical ability to evaluate situations.”
Emotional Stability
“…it is needed to prevent the investor from being engulfed in waves of optimism and pessimism that periodically sweep over Wall Street. Moreover, it is required to separate the facts from the entangled web of human emotions.”
“…it is needed to prevent the investor from being engulfed in waves of optimism and pessimism that periodically sweep over Wall Street. Moreover, it is required to separate the facts from the entangled web of human emotions.”
Hard Work
“…an aggressive investor must do thorough research… He must be knowledgable about the company in which he considers making an investment, the industry, the position of the company in the industry and the place and future of that industry in the economy as a whole.”
“…an aggressive investor must do thorough research… He must be knowledgable about the company in which he considers making an investment, the industry, the position of the company in the industry and the place and future of that industry in the economy as a whole.”
Concentration
“While the conservative investor relies extensively upon diversification to minimize risks, his aggressive counterpart must sacrifice wide diversification if his portfolio is significantly to outperform the general market.”
“While the conservative investor relies extensively upon diversification to minimize risks, his aggressive counterpart must sacrifice wide diversification if his portfolio is significantly to outperform the general market.”
“There are no short cuts to successful investment for aggressive investors. To earn really sizable capital gains requires substantially more effort, patience, courage, and intelligence than that required of the conservative investor. It requires much more on all of these counts.”
“In fact, many of the personal qualities for successful business management are the same as those for an aggressive investor.”
• • •
Missing some Tweet in this thread? You can try to
force a refresh
