Many businesses die within first three years of starting. Even among those who survive, very few thrive. Most simply survive. I read that only around 25% of listed companies create wealth. Only a single digit percentage of companies create huge or mega wealth.
It looks like failure is the norm and success is an exception. But we always think otherwise.
Be it sports or movies or politics, the same thing holds good.
Only 1% of us can be in the top 1%. Not all of us can create wealth in stock markets. Most of us would end up average in investing.
Traits are labelled based on outcomes. If successful, we call it perseverance. If failure, we call it stubbornness.
When we realise failure is the norm in many aspects of life, we would be compassionate towards both ourselves and others.
Setting aside for the moment role of luck, we either need to do things differently or do ordinary things extra ordinarily for success.
Impulsiveness and impatience are very common among investors. That why most of them never make any money in markets. Not only that many lose as well.
Discipline and patience would help you do ordinary things extra ordinarily. Though success is never assured, this increases the probability.
All our effort is towards making you do ordinary things well and be different from most of the investors.
If you realise failure is the norm and success is rare, you would understand why we ask you to do what we ask you to do.
Many think stock markets or trading is easy. This is the only field where we take outcome for granted without adequate outer and inner preparation. As Buffett says, in every market cycle, a new set of investors learn some very old lessons.
It is better to have some self doubt, appreciate uncertainty, prepare adequately, do things differently from an average investor and most important do ordinary things extraordinarily. This increases our chance of success and hopefully we won’t fail.
