I am well over half way through reading Rich Woman by Kim Kiyosaki and I am still very impressed. I have read in the last year Taming the Lion by Richard Farleigh, and as an entrepreneur I have had to come to terms with handling what I believe to be calculated risks on a daily basis. I can also appreciate the phrase “Win Some, Lose Some”.
I recall a brilliant assessment by Richard Farleigh on managing and embracing risk. Having read Kim Kiyosaki’s “blueprint” of women being “better equipped” than men in general for investing these two criss cross all over each other beautifully.
Richard Farleigh spoke of learning from three of his basic mistakes :-
1. Letting losing positions drag on for longer than he should.
2. Being too harsh on himself, assuming making a loss made him a lousy investor.
3. Let it depress him that so many hours of research and hard work could result in losses.
Bearing in mind how successful Richard Farleigh became through investing, I found this most inspiring.
Kim Kiyosaki points out the natural abilities of women lend themselves well to investing, including :
1. We are more willing to ask for help ( all I will say is the word directions and you will nod knowingly!)
2. Women Do Their Homework, we tend to buy a common sense purchase.
3. Women are great shoppers, we tend to look for something that is priced below it’s actual value and buy it.
Therefore my small deal this week was to buy something that I consider to be currently undervalued and that as the economy slumps further will rise in value. My investment is based on the lowering value of currency and therefore an increase in value of my investment. As in the title of this post, investing with a touch of common sense.
