Dear Future Me,
I'm a crappy stockpicker. I only have 3 years of two-bit experience but my current efforts lead to crap picks. There is no denying it. Don't think it's just me either, because you suck at picking stocks too. Remember when you wrote this post? Why did you write it? Yeah, that's right, because you suck at picking stocks. Aside: I need to be repetitive to myself because I know future me won't get the point otherwise.
Now I'll give you some credit, you had good ideas, and some of them panned out, but the ones that did had an expensive opprotunity cost and the ones you didn't pull the trigger on did relatively amazing. This is not just 'the grass is always greener' syndrome. You messed up because you were a lazy-no-good stockpicker and were too cheap to pay the transactions costs of re-allocating, too lazy to get the proper approvals, and too scared that those costs and the work that went into the move would be all be in vain. It was fear of failure that held you back. Don't try and explain it any other way, because that is the simple truth. I hope you are better at correcting these problems in the future. For future, future me's sake.
Friday, November 26, 2010
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