Mephistopheles Posted August 14, 2014 Share Posted August 14, 2014 We are all aware of good things that value investing has done for us outside of the investing world. The ability to think independently, think long term, be patient, learn from our mistakes etc. We have also learned many great values from Warren Buffett to apply to both business and our personal lives, such as integrity and honesty. Having said all of that, there are definitely some value investing principles that I'd rather be free from in my personal life. For example, whenever I spend or lose money where I shouldn't have, it bothers me because I wired to think about the future value or use of capital of every dollar I have now. A much more bothersome issue that I often face is always thinking about the downside when it comes to making decisions, and not nearly enough about the upside. Again, this is great when applying to stocks, but it can get depressing in real life. I'm not sure if anybody else has had such issues. Would love to hear all of your thoughts. :) Link to comment Share on other sites More sharing options...
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