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Forcing the Compass Needle
“The important thing in investing is..."
Today’s lesson comes from legendary trader, John Paulson.
We know how a compass works. Magnetism is naturally created by the earth itself, and a compass needle picks up on that magnetism and points towards it.
But image for a second if we broke the glass on the top of the compass, and pointed the needle where we wanted it to go, not where the compass wanted it to go.
How would that work out for us?
Being What We Are
Well, in life, it seems many of us make the decision to force out internal compass to point where we want it to point.
We can want to become something so bad that we ignore what we truly are.
We may hate the process of writing songs on the guitar, but will want so badly to be a famous musician that we cannot see the disconnect.
We may want to be a rich from the stock market so bad that we cannot see the fact that we hate stocks.
John Paulson, legendary investor, puts it this way:
“The important thing in investing is to be true to your compass.”
And this applies everywhere. It applies to our investments and trades, it applies to what we do in our lives and who we are.
If we do not learn to follow what our internal compass is telling us, we will never get to that place where we can work hard and be happy at the same time.
We must take time to listen to ourselves and discover who we truly are. This is how we can learn to follow our internal compass.
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