I remember in the last few years when I was really fervent into investment. No matter how busy I was with my family or work, I almost always will spend equal or more time and effort into learning to perfect my investment skills, even at expense of my sleep hours.
This trait I call it "PERSEVERANCE" which is defined as "keep doing something steadfastly and does not give up".
Then the oil crisis struck in late 2014 and not only it affected my stock portfolio but also my career. Companies suffered and many went bankrupt. Stock prices were depressed. Worst of all, colleagues and friends got retrenched one following another. It was all depressing and one of the toughest career situations to face within the industry for many.
After more than two years of crisis, I am still in the same company and same industry. I really learn one important trait, which I will never have learnt. It is to "ENDURE"!
This trait is defined as "to remain in a very difficult situation and not giving way."
In situation like this, no matter how much you preserve, or how intelligent or hardworking you are, it is futile. This is one very difficult trait that most people will not be able to have developed, if they are without the experience.
And the only way we can learn endurance is "to endure!"
The last trait in discussion seems to be the easiest, but it is in fact the most difficult to perfect.
It is "PATIENCE". And it is defined as "doing nothing without getting emotionally stirred."
Ask yourself when was the last time you can resist "meddling" with your stock counters and portfolio? Or does your fingers always feel itchy to hit the "sell / buy" buttons. You just feel so indulged in buying or selling shares, just for the sake of doing it, even at most times, it is entirely not necessary at all.
Perhaps it is the obvious nature of our contemporary education that teaches that we always need to do something in order to have progress and be successful?
Rolf's final thoughts
Therefore, do not let problems crowd your mind, be it in investment or in your life. Have a sober mind, and when you face adversaries, be appreciative that it is a test for you, so that perseverance, endurance and patience can be developed and be perfected, needing nothing else.