{"id":17996,"date":"2025-05-24T00:01:52","date_gmt":"2025-05-24T00:01:52","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/24\/my-durable-advantage-as-an-investor-is-my-experience-here-are-seven-examples\/"},"modified":"2025-05-24T00:01:52","modified_gmt":"2025-05-24T00:01:52","slug":"my-durable-advantage-as-an-investor-is-my-experience-here-are-seven-examples","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/24\/my-durable-advantage-as-an-investor-is-my-experience-here-are-seven-examples\/","title":{"rendered":"My Durable Advantage as an Investor is My Experience: Here are Seven Examples"},"content":{"rendered":"
\n

It scares me to admit I\u2019ve been investing for over 50 years. It\u2019s been a great ride, and fortunately I\u2019m still going strong. One of my investment mantras thru all these years has been Charlie Munger\u2019s quintessential advice: \u201ctry to be consistently not stupid.\u201d<\/em><\/p>\n

We all make investing mistakes, but not all of us learn the appropriate lessons from those mistakes. This blog is less about mistakes and more about lessons. If the investment genie were to offer me a redo on my portfolio management execution from these past decades, here are seven things I would do differently next time around.<\/p>\n

More USA, less international.<\/em><\/strong> I know what you\u2019re thinking\u2014what about diversification? But I believe that William O\u2019Neil had it right all along. American ingenuity is where you want to invest. Besides, great American companies do business all over the globe. Microsoft is doing your diversification for you.
\nHot money managers are not worth chasing.<\/em><\/strong> I\u2019ve been guilty of this. Sometimes it works, but only if you get in early and don\u2019t overstay to the point when their hot hand inevitably cools \u2014 and it will. I have a long list of managers who can claim this crown.
\nKeep it simple.<\/em><\/strong> Adding complexity or asset classes or different methodologies to your portfolio mix seldom results in outperformance, but we investors will continue to be tempted. Something about human nature wants to seek out complexity. Fight the urge.
\nPrivate equity and hedge funds.<\/em><\/strong> Recently, the number of new funds and new money has swollen significantly. I never liked the high fees, long terms and lack of liquidity. There are just too many other sensational stock market options (albeit less sexy for cocktail party discussions.)
\nFees matter.<\/em><\/strong> Even small differences matter and will add up over time. Too often, investors pay for the Los Angeles Dodgers and end up getting the Wichita Mudcats.
\nRide those winners!<\/em><\/strong>\u00a0I\u2019ve had five long term holdings that have paid a lot of bills. Hold tight when you find an AMZN, MSFT, COST, V, or MA.
\nInvesting is the art of man versus markets.<\/em><\/strong> The voodoo within investing is how best to control your Investor Self. If you memorize only one of the <\/a>10 Essential Stages of Stock Market Mastery<\/em><\/a> from our book<\/a>, let it be Stage 3\u2014The Investor Self.<\/p>\n

Trade well; trade with discipline!<\/em><\/p>\n

Gatis Roze<\/strong>, MBA, CMT<\/h2>\n

StockMarketMastery.com<\/strong><\/a><\/p>\n

Author,\u00a0\u201cTensile Trading: The 10 Essential Stages of Stock Market Mastery\u201d<\/strong><\/a>\u00a0(Wiley, 2016)<\/span>
\nDeveloper\u00a0of the\u00a0\u201cStock Market Mastery\u201d ChartPack<\/strong><\/a> for StockCharts members<\/span>
\nPresenter of the best-selling\u00a0\u201cTensile Trading\u201d<\/strong><\/a>\u00a0DVD seminar<\/span>
\nPresenter of the\u00a0\u201cHow to Master Your Asset Allocation Profile DVD\u201d<\/strong><\/a>\u00a0seminar<\/span><\/p>\n

P.S. If you would like to be notified when I post a new Traders Journal blog, please submit your preference via the tile in the right column titled\u00a0FOLLOW THIS BLOG.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It scares me to admit I\u2019ve been investing for over 50 years. It\u2019s been a great ride, and fortunately I\u2019m still going strong. One of my investment mantras thru all these years has been Charlie Munger\u2019s quintessential advice: \u201ctry to be consistently not stupid.\u201d We all make investing mistakes, but not all of us learn […]<\/p>\n","protected":false},"author":0,"featured_media":17997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=17996"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/17997"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=17996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=17996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=17996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}