Comments on: Investing Virtues: Patience, Humility, and Confidence http://www.obliviousinvestor.com/investing-virtues-patience-humility-and-confidence/ Investing Blog: The Oblivious Investor Tue, 07 Feb 2012 17:04:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mark Wolfinger http://www.obliviousinvestor.com/investing-virtues-patience-humility-and-confidence/comment-page-1/#comment-1269 Mark Wolfinger Wed, 08 Apr 2009 02:57:48 +0000 http://www.obliviousinvestor.com/?p=2705#comment-1269 Confidence? How is confidence going to do you any good? Does it bring rising stock prices? If, instead you suggested: 'Don't panic;' or remain calm when others aren't,' that's a very different piece of advice. But having confidence is merely closing your eyes and hoping for a good outcome. Hope is not a strategy. I have a better idea. Instead of 'have confidence,' I suggest HEDGE. Reduce risk. Confidence? How is confidence going to do you any good? Does it bring rising stock prices?

If, instead you suggested: ‘Don’t panic;’ or remain calm when others aren’t,’ that’s a very different piece of advice. But having confidence is merely closing your eyes and hoping for a good outcome.

Hope is not a strategy.

I have a better idea. Instead of ‘have confidence,’ I suggest HEDGE. Reduce risk.

]]> By: Neal Frankle http://www.obliviousinvestor.com/investing-virtues-patience-humility-and-confidence/comment-page-1/#comment-1257 Neal Frankle Wed, 01 Apr 2009 13:54:33 +0000 http://www.obliviousinvestor.com/?p=2705#comment-1257 I wish I'd written this! Really well done Mike. I wish I’d written this! Really well done Mike.

]]>