In every community at any corner of the world, we had heard and seen there are some rich tycoon who seem to be a midas touch on every deal. They seem to be knowing things, they seem be able to predict the future, they were like having a crystal ball hiding in their home. This is why, there are such a frenzy theory about getting rich by seeking a way to see the future. For instance, we can see a lot of people like to go to temple, asking for numbers, and buying the lottery. We also can see people who going to fortune teller, hoping to see which stock will be hot in the coming days. These are the people who often let the LUCK to dictate their everyday life. These people are not really an investor, they are just a gambler.
For me, LUCK is a acronym of "Laboring Under Correct Knowledge". It means, to success, we shall not rely on prognostication, but be prepared. The true winner, is the one who always well-prepared. They are the one who diligently building their financial foundation. They do not need a once in a lifetime lucky deal to come to their hand in order to success. They are the people who do not believe in fate. They preach the virtue of effort produce result. They know preparation is the only key to success. They focusing on education, training, research, building a team, try and error. They do not let a temporary failure to hold them back. They do not afraid of mistake. In fact, they make more mistake than any other people, yet, they from the mistake, correct it and come back stronger. Making mistake is part of the preparation. They do not care what might happen, because either way, they know, they will do well eventually as long as they are well-prepared. The bottom line is, until we are no emotional attached on the up and down cycle of the market, we then in this context are well-prepared.
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