In “The Intuitive Investor: A Radical Guide for Manifesting Wealth,” Jason Apollo Voss explains how investors can fine-tune their intuitive and meditative skills in order to make more solid, grounded decisions. Seven “essential investor attitudes” are part of this process:
Attitude 1: Focus on risks before opportunities. Risks recur and are more predictable than opportunities, which tend to be rarer and more unique when they do crop up.
Attitude 2: Comfort with uncertainty. There is no such thing as a future fact; investment results are always uncertain. This attitude can help you take action when the analysis is complete, eliminating anxiety that leads to “heaping data” on the issue.
Attitude 3: A good decision is most often greater than or equal to the “best” decision. It’s better to focus on making a good choice from among the many uncertain possibilities than to be paralyzed by uncertainty about which one is best. By freeing you from left-brain perfectionism, which can lead to gridlock, this attitude can give you better investment timing.
Attitude 4: Forgive yourself for not being perfect. This is another attitude that helps you overcome left-brain perfectionism, lightening the emotional load so you can learn from mistakes and move on to make better decisions.