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Succesful investing - Real control

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“We want to win every game we play at every level and we want to be right on every single player decision we make. We know it’s not going to happen, because there is too much uncertainty…..too much we cannot control. That said we can control the process.”
Read our latest investment presentation.

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Succesful investing - Real control

  1. 1. Real Control “How not to be your own worst enemy”
  2. 2. Introduction Successful investing is about control. It is about the process and not the outcome:  Find out what works  Find out how to implement it  Implement diligently and rigorously  Know that it will work but not all the time
  3. 3. “We want to win every game we play at every level and we want to be right on every single player decision we make. We know it’s not going to happen, because there is too much uncertainty…..too much we cannot control. That said we can control the process.” So how can we be in control?
  4. 4. Real Control Consider a golfer putting to win the open championship:  100% concentrated on the process (logic)  0% concentrated on outcome (emotional) Successful investing is about focusing on the process….
  5. 5. Real Control When you enter a casino, the house has the edge  As long as the game is played consistently to the same rules the casino will win  Not on every deal or every spin of the roulette wheel but it’s the process that is key  The house has the edge, maintain that process consistently and the maths and averages take care of the outcome
  6. 6. Real Control So what can we control: OURSELVES AND OUR PROCESS FOR TAKING ACTIONS WE CANNOT CONTROL OUTCOMES (like a casino cannot control outcomes) BUT We know that by not worrying about outcomes but concentrating on process great outcomes are made far more likely

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