Monday, September 26, 2011

Investing Lessons From A Pianist

Investing Lessons From A Pianist: I urge my readers to remember the words of Pianist Artur Schnabel: “The notes I handle no better than many pianists. But the pauses between the notes – ah, that is where the art resides”.

Similarly, most investors are about equally good (or bad) at selecting stocks and other investments as well as at “timing” the market. However, some investors are more responsible and disciplined in their approach and that is where the superior performance comes from. As Dietrich Bonhoeffer noted, “Action springs not from thought, but from readiness for responsibility.”

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.