Red Pine on being a businesslike investor
By the Andersens
Investing success relies on thinking of your investments as your own business.
Don’t ‘cut corners’ on caretaking your investments. Treat them as the serious business they deserve to be. The difference in value over time could be amazing. Know your competencies and team up with capable investing partners to enable first-rate execution of your plans.
Investing is most intelligent when it is most businesslike.
It is amazing to see capable business people try to operate in the stock market with complete disregard of all the sound business principles through which they have gained success in their own undertakings. Yet every stock should be viewed as an ownership interest in a specific business.
When seeking profits from security purchases and sales, investors are embarking on a business venture of their own which needs to be run in accordance with accepted business principles if it is to have a chance for success.
Red Pine Perspective
- Take pride in your investment program.
- Use proven strategies and principles.
- Have clearly-defined plans and goals.
- Always give it your best.
- Think like a business owner.
- Be value and growth-focused.
- Act prudently and rationally.
- Never stop learning.
We enjoy the execution part because the achievement comes from the doing.