| If you've ever sampled the subtle delights of | | | | work well in the 'real world' can be the seeds of our |
| skiing-and the all too frequent and rather less subtle | | | | undoing in the sharemarket. In this article, we're going |
| delights of landing on your backside-you will know | | | | to examine some of those counter-productive |
| that the techniques involved are somewhat | | | | behaviours, using a few examples, and look at what |
| counter-intuitive. A mastery of skiing requires you to | | | | we should try to do instead. We won't pretend that |
| conquer your fear of falling. To move forward in a | | | | any of it is easy, but it's always a good idea to |
| controlled fashion, you must actually lean down the | | | | 'know thine enemy', and most of the time in |
| mountain, and to turn, you must lean into it. Until | | | | investing, 'thine enemy' is you. |
| you've conquered the fear, you will try to do the | | | | To start things off, assume you have researched a |
| opposite, which would prevent you from falling in | | | | company and feel very sure it is underpriced. You |
| most other situations, but which will quickly send you | | | | buy the stock, but next day the company releases |
| posterior over pectorals on a set of skis. | | | | news that knocks the price down 25% on high |
| So it is with investing. The behaviours that usually | | | | volume. What's your reaction? |