Mobius – Building blocks for good investing
The post below is a guest contribution by Mark Mobius, Templeton Asset Management’s emerging markets guru.
One of my blog readers is a young university graduate from Hong Kong, who wants to pursue finance and investment as a career. He asked me: “What should I do if I really really want to work in the financial industry? What are the most essential qualities for a young man to succeed in the financial world? Do you have any advice?”
In emerging markets investment, I believe it is necessary to be optimistic. While one can certainly learn numerous technical skills that help in making investments or managing a portfolio, a large percentage of investing is still psychological. Both buyers and sellers act on a combination of instinct, information and logic. The development of certain personal characteristics could play a key role in contributing to your investment success.
Hard work and discipline
These are the key personal qualities that I’ve identified as affecting investment-making decisions. If you can adopt and integrate these investment approaches into your decision-making process, I believe you could significantly improve your chances of success in investing, especially in emerging markets. I’ll leave you with a quote from Sir John Templeton, from whom I learned so much about investing: “Tell your readers to use it or lose it. If you don’t use your muscles, they get weak. If you don’t use your mind, it begins to fail.”
Source: Mark Mobius, Investment Adventures in Emerging Markets, February 18, 2010.
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