The Biggest Mistakes Investors Make

I find that investors flushed with cash make the biggest mistakes when they feel an abundance of one of these two emotions - being scared or bored. So today, I will talk about the problem of being bored quickly as an investor.

I find what makes someone good at early-stage investing is pattern recognition. For me, it comes back to the parable of "chop wood, carry water."

This phrase essentially means that with repetition comes mastery. Listening to pitches, reading about the markets, and talking to other investors over a long period create an environment of good decision-making.

When you don't "cut wood and carry water" day after day, you feel the failure "inaction" of being slower to transact. You will start making foolish bets. You lower your standard if you want to be an investor long-term. You must be comfortable sitting on your hands and not transacting for periods.