By: Eric Winter of Street Authority
Behind each trade or investment, they are there... lurking, waiting to reveal themselves during a moment of weakness.
They are the four fears of investing.
I learned about these early into my trading career, and I've been a victim of each one over time. All drama aside, they affect every investor or trader who actively manages his or her own money.
In no particular order, the four fears are as follows:
1. Fear Of Loss
2. Fear Of Missing Out
3. Fear Of Letting A Profit Turn Into A Loss
4. Fear Of Being Wrong
Despite their prevalence, there are fortunately many methods to help conquer each of these fears. One of these tools comes from the long career and immortalized wisdom of the Oracle of Omaha himself.
While I can't be 100% sure what Warren Buffett would say in regard to each of these problems, we can use his bank of interview quotes and newsletter excerpts to infer what the billionaire would say about understanding and conquering each problem. Continue reading "4 Lessons From Buffett That Every Investor Needs To Know"